SurgePays Completes Sale of ClearLine Apps Engagement Platform

05:29 PM EDT, 09/10/2026 (MT Newswires) -- SurgePays (SURG) said late Thursday it has completed the sale of its ClearLine point-of-sale engagement platform to GPO Plus for a total consideration of $27.5 million. The sale included Managed Marketing Services platform, and a turnkey wireless company, together with related operating assets, the company said. GPO issued 25 million shares of a newly designated Series D Preferred Stock to SurgePays, the company said, adding that it struck a put option deal with a fund that gives it the right to sell the stock for $27.5 million in cash. "For SurgePays, monetizing ClearLine and the turnkey MVNO strengthens our balance sheet and lets us put our full focus on our core prepaid wireless and fintech businesses," said CEO Brian Cox. Shares were up more than 35% in after-hours activity.