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Surgepays Inc - SURG STOCK NEWS

Welcome to our dedicated news page for Surgepays (Ticker: SURG), a resource for investors and traders seeking the latest updates and insights on Surgepays.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Surgepays's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Surgepays's position in the market.

News
SurgePays Announces Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
SurgePays, Inc. (SURG) reported record financial results for 2023, with revenue reaching $137.1 million, EBITDA of $22.3 million, and net income of $20.6 million. The company's gross profit margin rose to 26%, showing significant growth. SurgePays acquired Clearline Mobile to enhance its services and plans to launch Linkup Mobile in 2024. Despite potential funding issues with the ACP program, SurgePays aims to expand its customer base and revenue streams through strategic initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-28.18%
Tags
earnings
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News
SurgePays Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call
Rhea-AI Summary
SurgePays, Inc. (SURG) to host a conference call to discuss fourth quarter and full year 2023 earnings on March 12, 2024. Investors and analysts can access the live webcast or call in for details.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.65%
Tags
earnings
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News
Congressman David Kustoff Visits SurgePays Headquarters in Bartlett, Tenn.
Rhea-AI Summary
SurgePays, Inc. (Nasdaq: SURG) emphasizes its commitment to serving underbanked and underserved communities. Congressman David Kustoff visits SurgePays' headquarters to learn more about the company's essential business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.27%
Tags
none
News
SurgePays Taps Derron Winfrey as Vice President
Rhea-AI Summary
SurgePays, Inc. appoints Fintech veteran Derron Winfrey as VP of Business Development to drive innovation and implement new products and services. Mr. Winfrey brings 25 years of experience in the fintech industry and aims to foster strategic partnerships and seek potential acquisition targets. His expertise in prepaid and fintech space is expected to boost SurgePays' revenue growth and subscriber base.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.53%
Tags
none
-
News
SurgePays Announces Strategic Partnership with SIN PIN
Rhea-AI Summary
SurgePays, Inc. (Nasdaq: SURG) has entered into a distribution agreement with SIN PIN, a telecommunications service provider focused on immigrant communities in the US, expanding its reach into thousands of stores in Hispanic communities. This partnership is expected to drive wireless subscriber growth in the Hispanic market, providing access to prepaid wireless services and the Affordable Connectivity Program (ACP) at retail locations. SurgePays' President, Jeremy Gies, highlighted the opportunity to significantly increase the company's wireless subscriber base through this strategic partnership. The distribution agreement allows SIN PIN to leverage SurgePays' software platform to activate prepaid wireless subscribers, providing cost savings and enriching the lives of Spanish-speaking customers. With over 150 team members in El Salvador, SurgePays is uniquely positioned to provide store and customer support for Spanish-speaking customers, aiming to make an impact in the Hispanic wireless market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.99%
Tags
partnership
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News
SurgePays Announces Closing of $15 Million Public Offering
Rhea-AI Summary
SurgePays, Inc. (Nasdaq: SURG) has successfully closed an underwritten public offering of 2,678,571 shares of its common stock, generating approximately $15 million in gross proceeds. The offering was priced at $5.60 per share and was made pursuant to an effective 'shelf' registration statement previously filed with the SEC. Titan Partners Group, a division of American Capital Partners, acted as the sole book-running manager for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.99%
Tags
offering
News
SurgePays Announces Pricing of $15 Million Public Offering
Rhea-AI Summary
SurgePays, Inc. (Nasdaq: SURG) has announced the pricing of its previously announced underwritten public offering of 2,678,571 shares of its common stock at an offering price of $5.60 per share, with an expected gross proceeds of approximately $15 million. The offering is expected to close on January 22, 2024, subject to customary conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.64%
Tags
offering
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News
SurgePays Announces Proposed Public Offering
Rhea-AI Summary
SurgePays, Inc. (Nasdaq: SURG) has announced the commencement of an underwritten public offering of shares of its common stock. The company also intends to grant the underwriters a 45-day option to purchase up to an additional 15% of the aggregate number of shares sold in the offering. The offering is being made pursuant to an effective 'shelf' registration statement previously filed with the SEC. The shares of common stock may be offered only by means of a prospectus supplement and the accompanying prospectus. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.64%
Tags
offering
-
News
Jeremy Gies Appointed to President of SurgePays, Inc.
Rhea-AI Summary
SurgePays, Inc. appoints Jeremy Gies as President, leveraging his extensive experience in telecom and fintech to drive sales growth, operational efficiency, M&A, and new product initiatives. Gies will focus on expanding the convenience store network, increasing store transactions, and wireless subscribers. His background includes leadership roles at Honeywell, Tiercel Wireless, Wave Crest Payment Services, and telSPACE, as well as co-founding Blue Horizon Group.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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none
News
Garth Billstin Named Vice President of Sales for SurgePays
Rhea-AI Summary
SurgePays, Inc. (Nasdaq: SURG) appoints D. Garth Billstin as the vice president of sales to focus on increasing wireless subscribers and growing revenues. Billstin brings over 30 years of tech growth company experience and will work to expand the company's network of convenience stores and increase revenues from prepaid wireless subscriber services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.94%
Tags
none
Stock SURG logo
Surgepays Inc

Nasdaq:SURG

SURG Rankings

#5337 Ranked by Market Cap
#3450 Ranked by Stock Gains
N/A Ranked by Dividends

SURG Stock Data

76.36M
13.61M
29.47%
7.46%
5.4%
Wireless Telecommunications Carriers (except Satellite)
Information
Link
US
Bartlett

About SURG

surge holdings is a technology company that has ventures and provides services in telecommunications, fintech and blockchain-oriented technologies. surge holdings completed a major reorganization merger in april 2018. before the merger completed, the management team eliminated all convertible debt, strengthened the balance sheets, brought current all sec filings, and uplisted the company to the otcqb. surge now has complete control of the marketing arm, the online distribution, the physical merchant network distribution and the payment mechanisms for all of our existing products as well as new products under development. the result is a competitive advantage delivering no-contract communication and financial technology services to the unbanked, under-banked, the overlooked and unhappily banked millennial population. digitizeiq and surgepays situate surge products in front of customers physically where they shop or through social media. led by “ahead of the game” ceo brian cox, the mana