SurgePays sells ClearLine and GPOX Wireless to GPO Plus for $27.5M in Series D preferred

SurgePays, Inc.

Deal closed Sept 10, 2026; $27.5M paid in 25M shares of GPO Plus Series D Preferred, no cash at closing.
Put Option with Emerald Shoals guarantees $27.5M cash backstop for 3 years + 90 days from closing.
Emerald Shoals receives 5-yr warrant for 15M GPOX shares in tranches at $0.05, $0.15, $0.25.
Purchased Assets generate ~$50K monthly recurring revenue as of Sept 2, 2026; SurgePays retains MVNO business.
Closing lifts stockholders' equity above Nasdaq $2.5M/$5M thresholds; company to cure bid price, possibly via reverse split.

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