Certain Common Stock of SurgePays, Inc. are subject to a Lock-Up Agreement Ending on 17-APR-2024.
April 16, 2024
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Certain Common Stock of SurgePays, Inc. are subject to a Lock-Up Agreement Ending on 17-APR-2024. These Common Stock will be under lockup for 91 days starting from 17-JAN-2024 to 17-APR-2024.
Details:
The officers and directors have agreed to enter into customary ?lock-up? agreements in favor of the Representative pursuant to which such persons and entities agreed for a period starting from the date of this Prospectus Supplement and continuing until ninety (90) days after the date of the Final Prospectus Supplement, that they shall neither offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any securities of the Company without the prior written consent of the Representative, subject to certain exceptions.
SurgePays, Inc. is a technology and telecommunications company, which is focused on the underbanked and underserved communities. The Company provides mobile broadband to low-income consumers nationwide. Its segments include Mobile Virtual Network Operators, Comprehensive Platform Services and Lead Generation. Mobile Virtual Network Operators segment provides mobile broadband (internet connectivity), voice and SMS text messaging to both subsidized and direct retail prepaid customers through its subsidiaries, SurgePhone Wireless, LLC and Torch Wireless, LLC. Comprehensive Platform Services segment provides financial technology and a wireless top-up platform to independently owned convenience stores throughout the country via its subsidiaries, SurgePays Fintech, ECS Prepaid, LLC, Electronic Check Services, Inc. and Central States Legal Services, Inc. Lead Generation segment provides lead generation and case management solutions, primarily to the law firms in the mass tort industry.
SURGEPAYS, INC. 
