SurgePays forms Redline Wireless Group JV with major distributor; 51% owned, targets 1M subscribers

SurgePays, Inc.

SurgePays forms Redline Wireless Group JV, owning 51% as managing member; partner owns 49% and contributes access to 20,000+ independent prepaid dealers.
SurgePays contributes in-kind assets (LinkUp Mobile brand, MVNO platform, billing, ops center) with no cash capital contribution.
JV expected to be cash flow positive from first month; parties target exceeding 1 million subscribers.
SurgePays will consolidate Redline as majority-owned subsidiary; partner's 49% reported as noncontrolling interest.

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