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AI brief of an SEC Form 8-K · SurgePays, Inc. (SURG)

SurgePays signs $48 million prepaid wireless volume agreement with Etime system

Neutral Impact 3 of 5 product/contract Written later

SurgePays said it signed a prepaid wireless purchase agreement on September 30, 2026 with Zulie Venture Inc. (dba Etime system), which committed to buy at least $48 million in prepaid wireless volume from October 1, 2026 through September 30, 2027. The company warned that the net revenue and gross profit it recognizes from this volume may be significantly lower than the stated volume, and that Etime system's commitment is not assured.

Key points

  • Etime system committed to a minimum of $4 million per month, with shortfalls to be made up by the end of the following month.
  • The agreement renews automatically for successive twelve-month terms unless either party gives notice at least thirty days before the term ends.
  • Transactions began in October 2026 and are processed through SurgePays POS.
  • The filing states that volume is not revenue and that net revenue and gross profit may be significantly lower.

The filing

CompanySurgePays, Inc. (SURG)
Form8-K, current report
Filed with the SECNov 3, 2026, 8:55 AM ET
Accession number0001493152-26-049719

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.