US Stocks Alert | SurgePays Soars 42% Pre-market After Canceling $50 Million Minimum Purchase Commitment, Significantly Reducing Financial Burden

Glonhui July 2nd｜SurgePays (SURG.US) surged over 42% in pre-market trading. Previously, on July 1st, the company announced that it reached a revised agreement with one of its primary wholesale wireless network service providers, significantly optimizing the wholesale pricing structure and canceling the original minimum purchase commitment. The revised agreement removed the $50 million minimum purchase commitment previously stipulated in the company’s three-year contract, and the related contingent liabilities were completely stripped from the balance sheet. This change eliminated a major burden that had long suppressed the company’s financial security.