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The proposed 51%-owned venture with LowWeeklyPayments aims to expand smartphone financing access through SurgePays’ retail network, although definitive terms remain pending. Key Investor TakeawaysSurgePays (NASDAQ:SURG) has signed a non-binding letter of intent to establish a smartphone rent-to-own joint venture with LowWeeklyPayments.
SurgePays to hold 51% stake as joint venture builds on early rent-to-own traction, with 100+ dealers onboarded and 500 locations targeted by year endBARTLETT, Tenn., Sept. 17, 2026 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ: SURG) (“SurgePays” or the “Company”), a wireless and fintech company, today announced that it has signed a non-binding letter of intent with All Prepaid, LLC, dba LowWeeklyPayments (“LWP”), to form a joint venture to scale the smartphone rent-to-own program across the Surge
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Transaction Includes a Turnkey Prepaid Wireless Company and the Managed Marketing Services PlatformBARTLETT, Tenn., Sept. 10, 2026 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ: SURG), a fintech and wireless company, today announced that it has completed the sale of its ClearLine point of sale (POS) engagement platform, its Managed Marketing Services platform, and a turnkey wireless company (MVNO), together with related operating assets, to GPO Plus, Inc. (“GPO Plus”) for a total consideration of
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