Alpha Modus shares surge 20.88% premarket after signing LOI with SurgePays to expand Alpha Cash digital wallet via 8,000+ retail locations.

Alpha Modus surged 20.88% in premarket trading following the announcement of a strategic partnership with SurgePays under a Letter of Intent to integrate its Alpha Cash digital wallet into SurgePays’ 8,000+ retail locations. The collaboration aims to expand financial access for over 100 million underserved consumers by pre-loading Alpha Cash on 3,000 devices daily and leveraging SurgePays’ distribution network to scale into up to 100,000 retail locations. The deal emphasizes monetizing consumer engagement through co-branded financial services, enhancing in-store transactions, and aligning with the $750 billion U.S. prepaid market’s growth. Executives highlighted the partnership’s potential to drive revenue synergies by integrating Alpha Cash with SurgePays’ top-up and benefit enrollment platforms, positioning the stock’s sharp premarket rally as a direct response to the strategic expansion and market access opportunities.