SurgePays Stock Skyrockets 35% After Eliminating $50 Million AT&T Spend Rule

Benzinga07-03 04:25

The company amended its wholesale agreement with AT&T Inc (NYSE:T), eliminating all remaining minimum spend commitments that previously required an aggregate minimum spend of $50 million over the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2648650364?lang=en_US&edition=fundamental","thumbnail":"https://cdn.benzinga.com/cdn-cgi/image/width=630,format=auto,quality=85/files/images/story/2026/07/02/Woman-Crypto-Trader-Investor-Broker-Usin.jpg","is_english":true,"pubTime":"2026-07-03 04:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2648650364","market":"nz","top_or_hot":-1,"title":"SurgePays Stock Skyrockets 35% After Eliminating $50 Million AT&T Spend Rule","media":"Benzinga","content":"<div>\n<p>The company amended its wholesale agreement with AT&T Inc (NYSE:T), eliminating all remaining minimum spend commitments that previously required an aggregate minimum spend of $50 million over the ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/07/60260245/surgepays-stock-skyrockets-35-after-eliminating-50-million-att-spend-rule\">Source Link</a>\n\n</div>\n","source":"benzinga_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SurgePays Stock Skyrockets 35% After Eliminating $50 Million AT&T Spend Rule</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSurgePays Stock Skyrockets 35% After Eliminating $50 Million AT&T Spend Rule\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-03 04:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/movers/26/07/60260245/surgepays-stock-skyrockets-35-after-eliminating-50-million-att-spend-rule><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company amended its wholesale agreement with AT&T Inc (NYSE:T), eliminating all remaining minimum spend commitments that previously required an aggregate minimum spend of $50 million over the ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/07/60260245/surgepays-stock-skyrockets-35-after-eliminating-50-million-att-spend-rule\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"T","symbol_name":"At&T","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/movers/26/07/60260245/surgepays-stock-skyrockets-35-after-eliminating-50-million-att-spend-rule","article_id":"2648650364","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/cdn-cgi/image/width=630,format=auto,quality=85/files/images/story/2026/07/02/Woman-Crypto-Trader-Investor-Broker-Usin.jpg"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/trading-ideas/movers/26/07/60260245/surgepays-stock-skyrockets-35-after-eliminating-50-million-att-spend-rule","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2648650364","pubTimestamp":1783023900,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"The company amended its wholesale agreement with AT&T Inc , eliminating all remaining minimum spend commitments that previously required an aggregate minimum spend of $50 million over the initial three-year term.AT&T also agreed to waive about $10.3 million in previously billed minimum-commitment charges, which reduces accounts payable and is expected to create an estimated second-quarter 2026 gain of about $8.5 million.SurgePays is pitching the amendment as a direct margin lever, with CFO Chelsea Pullano saying it \"removes a significant contingent liability\" while improving economics on \"every subscriber we add going forward,\" and CEO Brian Cox flagging lower cost of goods sold and broader margin expansion.Today’s spike has pushed the stock above its 20-day and 50-day averages , which often acts like a short-term \"reset\" after a prolonged slide. The bigger picture is still heavy, though, with shares still about 9% below the 100-day SMA and about 57% below the 200-day SMA, keeping the ","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"T":"At&T","BK4598":"佩洛西持仓","LU1621768206.USD":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (USD) ACC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4217":"自存仓储房地产信托","LU0976567544.SGD":"FTIF - Templeton Global Income A Mdis SGD-H1","LU2102340556.USD":"AZ ALLOCATION - RISK PARITY FACTOR \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0211326839.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) INC","BK4115":"综合电信业务","SMA":"Smartstop Self Storage REIT Inc","BK4534":"瑞士信贷持仓","LU1621767737.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (EUR) ACC","LU0496365809.HKD":"TEMPLETON GLOBAL INCOME \"A\" (HKD) INC (Q)","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0211326755.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) ACC","LU1621767810.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A\" (EUR) INC","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU1621768115.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"B\" (EUR) INC","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","BK4515":"5G概念","BK4588":"碎股","BK4550":"红杉资本持仓","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4507":"流媒体概念","LU2384288077.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A-INS\" (EUR) ACC"},"translate_title":"取消5000万美元AT&T支出规则后，SurgePays股价飙升35%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"T":1.5,"SMA":0.71},"content_text":"The company amended its wholesale agreement with AT&T Inc (NYSE:T), eliminating all remaining minimum spend commitments that previously required an aggregate minimum spend of $50 million over the initial three-year term. \nAT&T also agreed to waive about $10.3 million in previously billed minimum-commitment charges, which reduces accounts payable and is expected to create an estimated second-quarter 2026 gain of about $8.5 million.\nSurgePays is pitching the amendment as a direct margin lever, with CFO Chelsea Pullano saying it \"removes a significant contingent liability\" while improving economics on \"every subscriber we add going forward,\" and CEO Brian Cox flagging lower cost of goods sold and broader margin expansion.\nToday’s spike has pushed the stock above its 20-day and 50-day averages (about 37% above the 20-day SMA and about 17% above the 50-day SMA), which often acts like a short-term \"reset\" after a prolonged slide. The bigger picture is still heavy, though, with shares still about 9% below the 100-day SMA and about 57% below the 200-day SMA, keeping the long-term trend bearish.\nMomentum is improving: MACD is above its signal line and the histogram is positive, which typically means downside pressure is easing versus the prior downswing. In plain English, MACD compares two moving averages, and being above the signal line suggests buyers are starting to gain traction even if the longer-term trend hasn’t fully flipped.\nThe longer-term damage is also visible in the crossover structure, with the 20-day SMA still below the 50-day SMA and a Death Cross (50-day below 200-day) that formed in December 2025. From a levels standpoint, the stock is still closer to its June low than its July 2025 52-week high, so follow-through matters more than the first bounce.\nSurgePays is a wireless and point-of-sale technology company that targets underserved and value-conscious consumers through a mix of retail distribution and digital acquisition. It sells mobile connectivity, financial technology services and transaction processing through a platform that ties together wireless services, point-of-sale software and retail distribution.\nIt operates across wireless services (MVNO telecom), platform services (its MVNE enablement platform, HERO), and wholesale enablement (comprehensive platform services). \nThat’s why the AT&T wholesale amendment matters: better wholesale pricing and the removal of minimum-spend commitments can directly change unit economics for subscriber acquisition and recurring service costs.\nSURG Stock Price Activity: SurgePays shares closed Thursday up 38.08% at 57 cents, according to Benzinga Pro data.\nImage: Shutterstock\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2648650364","isCrawlerRequest":true}