Alpha Modus and SurgePays Unite to Target the Over 100 Million Subprime and Underserved Consumers Driving America’s Prepaid Economy
Alpha Modus (NASDAQ: AMOD) and SurgePays (NASDAQ: SURG) signed a Letter of Intent on Jan 20, 2026 to form a commercial integration and distribution partnership to serve subprime and underserved consumers.
Rhea-AI Summary
Alpha Modus (NASDAQ: AMOD) and SurgePays (NASDAQ: SURG) signed a Letter of Intent on Jan 20, 2026 to form a commercial integration and distribution partnership to serve subprime and underserved consumers.
The LOI targets expansion via SurgePays’ retail footprint of >8,000 merchants with potential rollout into up to 100,000 retail locations, and contemplates Alpha Modus’ forthcoming digital wallet Alpha Cash pre-loaded on 3,000 new devices per day. Planned integrations include SurgePays’ Top-Up, benefit-enrollment platforms, ClearLine POS, ProgramBenefits.com and wireless signup workflows. Companies will negotiate definitive agreements covering technical integration, pricing, revenue sharing, and a pilot with select AMFS merchants.
Details
News Market Reaction – AMOD
On Jan 20, the day this news came out, AMOD closed 7.03% above the previous close.
Data tracked by StockTitan Argus for the Jan 20 session.
Key Figures
- Target consumers
- Over 100 million Americans
- Subprime and underserved consumers frequenting convenience and small merchants
- Current retail footprint
- Over 8,000 merchants
- SurgePays independent merchant locations referenced in LOI
- Potential retail reach
- Up to 100,000 locations
- Planned expansion of partnership distribution channel
- Device deployments
- 3,000 new devices per day
- Prospective Alpha Cash pre-load rate mentioned by Alpha Modus
- ATM offering size
- $3,500,000
- At-the-market common stock program via H.C. Wainwright & Co.
- Shelf registration size
- $250,000,000
- Maximum amount of Class A stock, warrants and units under S-3 shelf
- Shares outstanding
- 41,959,958 shares
- Common stock outstanding as of January 2, 2026
- Approved voting power
- 74.1%
- Voting power approving share issuances in PRE 14C
Historical Context
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Multi-year Tickets For Less integration to sell live-event tickets via AlphaCash.
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AlphaCash rollout plan in grocery and convenience stores for underbanked consumers.
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DXC Technology partnership to deploy financial services kiosks nationwide for underbanked.
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Pilot with major retailer for ~100 AlphaCash kiosks and pathway to thousands more.
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Patent infringement lawsuit filed against H&M over in‑store AI systems.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
closed-loop technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
CORNELIUS, N.C. and BARTLETT, Tenn., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Alpha Modus Financial Services, LLC (“AMFS”), a division of Alpha Modus Holdings, Inc. (“Alpha Modus”) (NASDAQ: AMOD), and SurgePays, Inc. (NASDAQ: SURG), a wireless and fintech technology company connecting subprime and underserved consumers to essential mobile and financial services, today announced the signing of a Letter of Intent (the “LOI”) to establish a commercial integration and distribution partnership. This strategic alliance is designed to expand financial access, enhance in-store engagement, and deliver a modern suite of digital services to subprime and underserved consumers nationwide.
Addressing the Needs of the Underserved
Per the National Association of Convenience Stores, more than 100 million Americans visit convenience stores, wireless dealers, and small merchants each month for essential services. Many of these consumers are historically underserved, relying on prepaid mobile services, government assistance programs, or cash-based transactions.
Through this partnership, Alpha Modus and SurgePays aim to create one of the most extensive distribution channels in America by leveraging SurgePays’ retail footprint of over 8,000 independent merchants and positioning to drive expansion into up to 100,000 retail locations.
Integration of Alpha Cash
Central to this collaboration is the integration of the forthcoming AMFS digital wallet, “Alpha Cash.” This partnership should allow the financially underserved to cash checks, pay bills, transfer funds, reload prepaid mobile accounts, and purchase prepaid cards and event tickets directly through Alpha Cash.
“SurgePays reaches the exact consumer we built Alpha Cash for: the shopper who walks into a store every week, but is disconnected from financial inclusion,” stated Chris Chumas, Chief Strategy Officer of Alpha Modus. “Our partner’s growth is impressive and the prospect of having Alpha Cash pre-loaded on 3,000 new devices per day presents significant opportunity. The partnership is aimed to establish an operating framework that supports Alpha Modus’ commercialization efforts, expand Alpha Cash’s deployment footprint, and enable a measurable outcome in communities with limited access to financial services.”
Strategic Implementation
Under the LOI, the companies will primarily integrate, pre-load, and promote Alpha Cash as the primary financial services partner within SurgePays’ assets, including:
- ProgramBenefits.com and the ClearLine POS marketing platform.
- SurgePays digital intake flows and wireless signup workflows (Torch, LinkUp, Lifeline, etc.)
- SurgePays consumer-facing benefit enrollment or prepaid activation platforms.
Brian Cox, CEO of SurgePays, stated, “A financial services partner is a core component of our accelerated growth strategy. Over the past 15 years, we have activated millions of wireless customers, and our next phase of scale is centered on materially improving customer economics by monetizing the moment of enrollment, when consumer intent and engagement are at their highest. This partnership with Alpha Modus advances that strategy by allowing us to layer complementary financial services directly into the sign-up experience, expanding monetization per customer while increasing the efficiency of how we acquire and serve the subprime and underserved consumer. Positioning Alpha Cash as a high value financial service on ProgramBenefits.com enables us to generate incremental revenue from existing traffic and sign-ups, driving improved unit economics, faster payback periods, and a more scalable customer acquisition model.”
Mr. Cox continued, “The strength of this collaboration lies in the leverage it creates across both platforms. Alpha Modus gains immediate access to our national distribution spanning wireless, retail, and point of sale, while SurgePays unlocks additional monetization layers that integrate directly into our consumer engagement and customer acquisition workflows. This approach reflects our strategy of driving scalable growth through our own distribution and lead generation platforms.”
Technical Synergy and Future Steps
The LOI outlines a joint plan to integrate SurgePays’ nationwide Top-Up and benefits-enrollment platforms with the Alpha Cash mobile wallet, as well as co-deploy SurgePays’ ClearLine POS engagement technology across the AMFS merchant network.
The collaboration combines SurgePays’ reach into underbanked communities with Alpha Modus’ patented real-time, closed-loop operating framework: Sense → Decide → Deliver → Attribute, creating new pathways for financial empowerment and retailer growth.
Both companies will now work toward definitive agreements covering technical integration, pricing, revenue-sharing models, and a pilot deployment with select AMFS merchants.
About Alpha Modus Holdings, Inc.
Alpha Modus is a vertical AI company focused on real-time, in-store shopper engagement and attribution. Its patented “closed-loop” retail AI framework, Sense → Decide → Deliver → Attribute, enables brands and retailers to measure the full impact of digital content, physical interactions, and transaction outcomes. Through subsidiaries like Alpha Modus Financial Services, the company is actively deploying technologies that merge artificial intelligence, retail media, and financial access across the physical retail landscape.
For more information, visit: www.alphamodus.com
Alpha Modus maintains a comprehensive overview of its patent portfolio on its website: https://alphamodus.com/what-we-do/patent-portfolio/.
For more information and to access Alpha Modus’ press room, visit: https://alphamodus.com/press-room/
Alpha Modus Contact Information
Investor Relations
Alpha Modus Holdings, Inc.
Email: ir@alphamodus.com
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About SurgePays, Inc.
SurgePays, Inc. (NASDAQ: SURG) is a wireless and fintech technology company focused on expanding access to essential mobile and financial services for subprime and underserved consumers. The company operates a nationwide ecosystem that includes its own wireless brands and a proprietary point of sale platform inside thousands of retail locations. This infrastructure supports SIM activations, top-ups, financial transactions, and other digital services used daily by prepaid and underbanked customers.
SurgePays is building on this foundation by advancing into data driven marketing and digital partnerships that monetize verified consumer engagement. This approach creates recurring, high margin revenue streams while expanding the company’s reach across both online and retail channels. SurgePays aims to become a leading digital marketplace and data intelligence platform serving the one-third of America that relies on prepaid and subprime financial services.
SurgePays Investor Contact:
Valter Pinto, Managing Director
KCSA Strategic Communications
PH: 212-896-1254
SurgePays@KCSA.com
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Alpha Modus and SurgePays’ actual results may differ from their expectations, estimates, and projections, and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. These forward-looking statements include, without limitation, Alpha Modus and SurgePays’ expectations with respect to future performance, entrance into a future definitive agreement between Alpha Modus and SurgePays, the ability to successfully integrate the services and the performance of such integration. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in filings with the Securities and Exchange Commission (“SEC”), including in Annual Reports on Form 10-K’s for the fiscal year ended December 31, 2024. The forward-looking statements in this press release speak only as of the date on which the statements are made. We undertake no obligation to update, and expressly disclaim the obligation to update, any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
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