---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-001774"
form_type: "8-K"
ticker: "SURG"
cik: "0001392694"
company_name: "SurgePays, Inc."
filed_at: "2024-01-09T23:59:59+00:00"
generated_at: "2026-06-07T01:24:44.274122+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-001774
- form_type: 8-K
- ticker: SURG
- cik: 0001392694
- company_name: SurgePays, Inc.
- filed_at: 2024-01-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1392694/000149315224001774/0001493152-24-001774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1392694/000149315224001774/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-001774
- JSON: https://secwatch.observer/filing/0001493152-24-001774.json
- Plain text: https://secwatch.observer/filing/0001493152-24-001774.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.