Surgepays is a financial technology company that focuses on providing payment processing solutions and mobile banking services to underserved markets. The company offers a range of products that enable consumers and businesses to conduct transactions conveniently and securely. Through its innovative platform, Surgepays aims to enhance financial inclusion by delivering services such as mobile wallet solutions, prepaid cards, and digital payment options, thereby empowering individuals and merchants with accessible financial tools to manage their funds more effectively. Read More
SurgePays (Nasdaq: SURG) has entered into a $7 million senior secured convertible note agreement with a current institutional shareholder, providing $6 million in cash and involving a repurchase of 333,333 shares. The two-year note is convertible into common stock at $4.00 per share, a premium to current market price, and includes a prepayment option at a 2% premium. Proceeds will support the national launch of LinkUp Mobile and the growth of SurgePays’ MVNE wholesale platform following its April 1 integration with AT&T. Management projects over $200 million in revenue and positive cash flow from operations by year-end 2025.
Wondering how the US markets performed one hour before the close of the markets on Wednesday? Discover the movers and shakers of today's session in our comprehensive analysis.
Investors and traders are closely monitoring the gap up and gap down stocks in today's session on Wednesday. Let's explore the market movements and identify the stocks with significant gaps.
U.S. stock futures were trading lower on Wednesday, after advancing for three consecutive sessions. Futures of major benchmark indices were lower in premarket trading.
