---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-041243"
form_type: "8-K"
ticker: "SURG"
cik: "0001392694"
company_name: "SurgePays, Inc."
filed_at: "2024-10-16T23:59:59+00:00"
generated_at: "2026-05-30T13:39:29.314640+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SurgePays signs MSA with TerraCom; $1M escrow for potential majority acquisition

## Summary
- Master Services Agreement with TerraCom effective Oct 3, 2024 to enroll Lifeline Program customers.
- SurgePays receives actual revenue from enrolled customers less a monthly transaction fee.
- Negotiating stock purchase agreement for majority stake in TerraCom; $1M placed in escrow.
- MSA initial term 90 days; if terminated, SurgePays can move up to 50% of customers to alternative provider.
- Escrow returned to SurgePays if stock purchase agreement is not closed within MSA timeline.

## SEC filing metadata
- accession: 0001493152-24-041243
- form_type: 8-K
- ticker: SURG
- cik: 0001392694
- company_name: SurgePays, Inc.
- filed_at: 2024-10-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1392694/000149315224041243/0001493152-24-041243-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1392694/000149315224041243/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-041243
- JSON: https://secwatch.observer/filing/0001493152-24-041243.json
- Plain text: https://secwatch.observer/filing/0001493152-24-041243.txt

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