SurgePays Announces Pricing of $2.5 Million Public Offering

Core Viewpoint - SurgePays, Inc. has announced a public offering of 2,000,000 shares of common stock at a price of $1.25 per share, aiming for gross proceeds of approximately $2.5 million before expenses [1] Company Overview - SurgePays, Inc. is a wireless and fintech technology company focused on providing essential mobile and financial services to subprime and underserved consumers [6] - The company operates a nationwide ecosystem that includes its own wireless brands and a proprietary point of sale platform, facilitating SIM activations, top-ups, financial transactions, and other digital services for prepaid and underbanked customers [6] Offering Details - The public offering consists of 2,000,000 shares priced at $1.25 each, with an option for underwriters to purchase an additional 300,000 shares [1] - The offering is expected to close on January 22, 2026, pending customary closing conditions [1] - R.F. Lafferty & Co., Inc. is the sole book-running manager for this offering [2] Future Growth Strategy - SurgePays is advancing into data-driven marketing and digital partnerships to monetize verified consumer engagement, aiming to create recurring, high-margin revenue streams [7] - The company aspires to become a leading digital marketplace and data intelligence platform for the one-third of America that relies on prepaid and subprime financial services [7]