Mergers & Acquisitions ·
On September 2, 2026, SurgePays, Inc. formed LWP-SURGE, LLC, a Wyoming limited liability company, to serve as the…
SURGSurgePays, Inc.
On September 2, 2026, SurgePays, Inc. formed LWP-SURGE, LLC, a Wyoming limited liability company, to serve as the operating vehicle for a proposed joint venture with All Prepaid, LLC (doing business as LowWeeklyPayments). The Company expects to hold a 51% membership interest and serve as manager, while LWP holds 49%. Governance includes three of five board seats appointed by SurgePays. The venture aims to operate a smartphone rent-to-own program using LWP's technology through SurgePays' retail dealer network. No definitive agreements have been executed, and the formation does not obligate either party to consummate the transaction. The Company states this event is not expected to have a material effect on its financial condition or results of operations for the current fiscal quarter. SurgePays operates in the fintech industry, providing prepaid card and payment processing services.