SurgePays, Inc. has amended its agreement with AT&T Mobility, LLC, effective June 29, 2026. The amendment removes all remaining minimum spend commitments previously totaling $50.0 million over three years. This change is expected to reduce the Company's acquisition and ongoing monthly subscriber costs through improved wholesale pricing. AT&T has agreed to forgive approximately $10.3 million in previously billed minimum-commitment charges that exceeded actual usage. This forgiveness will reduce accounts payable by $10.3 million and result in an approximate $8.5 million gain in Q2 2026 due to the reversal of previously reported expenses. The gain is expected to positively impact net income (loss) and stockholders equity (deficit) for the period.