SurgePays acquires ClearLine Mobile's software and POS assets for $2.5M

SurgePays, Inc.

Acquired ClearLine Mobile's software development, POS equipment, and operations for total consideration of $2.5M.
Payments: $100K upfront, $800K at closing, $800K due 90 days, $800K due 180 days post-close.
CEO says touchscreen display at register will drive new wireless subscribers and promote ancillary products.
In-house ClearLine development team to enable future revenue from loyalty rewards, QR payments, and third-party marketing.

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