SurgePays Inc. shares surged 34.59% to $0.22 in after-hours trading after the company completed a $27.5 million divestiture of its ClearLine point-of-sale engagement system, Managed Marketing Services division and GPOX Wireless mobile virtual network operator business to ClearLine Apps, a wholly owned subsidiary of Las Vegas-based GPO Plus Inc. The transaction was executed on September 7, 2026, and closed on September 10, with SurgePays receiving 25 million GPO Plus Series D Preferred Stock shares. A put option backstop from Emerald Shoals Targeted Opportunities Fund LP allows SurgePays to convert the preferred shares, or common stock received upon conversion, into $27.5 million in cash during a period lasting three years and 90 days. The closing raised SurgePays’ stockholders’ equity above Nasdaq’s continued and initial listing requirements. The company plans to notify Nasdaq and pursue corrective measures for its bid-price deficiency, potentially including a reverse stock split. CEO Brian Cox said the transaction strengthens the balance sheet and lets SurgePays focus on prepaid wireless and fintech operations serving roughly 138 million subprime U.S. consumers. Shares closed the regular session down 4.69% at $0.16, with volume of 77.95 million shares, about 3.3 times the 23.66 million average. SurgePays has a market capitalization of approximately $8.84 million, about 52.91 million shares outstanding, a 52-week range of $0.15 to $3.14, and a 94.19% 12-month decline. Its RSI was 36.72, while the latest analyst recommendation was Buy with a $3.50 price target.