SurgePays Announces Closing of $2.5 Million Public Offering

Core Viewpoint - SurgePays, Inc. successfully closed a public offering of 2,000,000 shares of common stock at a price of $1.25 per share, raising approximately $2.5 million in gross proceeds before expenses [1][2]. Company Overview - SurgePays, Inc. is a wireless and fintech technology company focused on providing essential mobile and financial services to subprime and underserved consumers [5]. - 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 [5]. 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 [6]. - 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 [6].