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

SurgePays Inc (NASDAQ: SURG ) shares are trading higher by more than 35% Thursday afternoon as investors react to a revised wholesale agreement that removes prior minimum-spend pressure. Surgepays stock is charging ahead with explosive momentum. Why is SURG stock up today? What Is Driving SurgePays Stock Higher? 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. 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...