SurgePays (Nasdaq: SURG) Secures $7 Million Convertible Note Agreement for Growth
SurgePays (Nasdaq: SURG) enters into $7 million convertible note agreement with institutional shareholder to support national launch of LinkUp Mobile and MVNE wholesale platform. Management projects over $200 million in revenue by 2025.
This news matters as SurgePays' strategic financing deal will fuel the expansion of its mobile connectivity and financial services to underserved communities, potentially leading to significant revenue growth and positive cash flow by 2025.