SurgePays signs LOI with LowWeeklyPayments to form smartphone rent-to-own joint venture

• SurgePays signed a non-binding LOI with LowWeeklyPayments to form a joint venture to scale a smartphone rent-to-own program.
• Structure calls for a 51% SurgePays stake with managing-member control, with LowWeeklyPayments holding 49%.
• Program targets subprime consumers with low weekly payments, with device ownership transferring once payments are completed.
• Joint venture would pair SurgePays’ dealer network with LowWeeklyPayments’ rent-to-own platform, approval matrix, in-store payment technology.
• Parties aim to finalize a definitive operating agreement; the program has expanded past 100 dealers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Surgepays Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609170915PRIMZONEFULLFEED9828636) on September 17, 2026, and is solely responsible for the information contained therein.