SurgePays Completes $27.5M Sale of ClearLine and GPOX Wireless Assets to GPO Plus

SurgePays, Inc. (SURG) announced it has completed the sale of its ClearLine engagement platform and GPOX Wireless business to a subsidiary of GPO Plus, Inc. The total consideration for the assets is $27.5 million, paid entirely in preferred stock of GPO Plus. This transaction has also enabled SurgePays to regain compliance with Nasdaq's stockholders' equity requirement.

Key Details

• Transaction Value: $27,500,000, paid in 25,000,000 shares of GPO Plus Series D Preferred Stock.
• Agreement & Closing: The Asset Purchase Agreement was signed on September 7, 2026, and the transaction closed on September 10, 2026.
• Put Option Agreement: SurgePays entered into a concurrent agreement giving it the right to sell the GPO Plus preferred shares to Emerald Shoals Targeted Opportunities Fund LP for $27.5 million cash. This right is exercisable for three years and 90 days from closing, serving as a backstop to secure the transaction's value.
• Nasdaq Compliance: As a result of the sale, SurgePays' stockholders' equity now exceeds the $2.5 million minimum requirement for continued Nasdaq listing.