# SURGE

Physical AI — Powered by Real-Time Data Infrastructure

- Canonical URL: https://wefunder.com/surgenetworks
- Entity ID: wefunder:company:181321
- Last updated: 2026-06-07T23:54:19Z
- Generated at: 2026-06-08T02:59:08Z

## Quick facts
- ICW 2026 Championship Winner — Kingscrowd Audience Vote (April 2026). Rated 4.8/5.0.
- Live in New Orleans — deployed, active, real-time.
- $250k to $1M potential ARR per location (Gulp Data, Q4 2025) (not guaranteed)
- NVIDIA Inception member — access to AI ecosystem, technical resources, and go-to-market support.
- 70 locations targeted for 2026 across 4 cities.
- 3,000+ location national pipeline secured through strategic partnerships.
- Anonymous by Physics — no cameras, no images, no faces, no identifiable info, ever.
- Founded in 2024 by experts in infrastructure, capital formation, and real-time systems.

## Active fundraises
- wefunder:fundraise:141499: 4(a)(6) successful (USD)
- wefunder:fundraise:141498: 4(a)(6) open (USD)

## Story
We build the real-world data infrastructure that Physical AI depends on — continuous, real-time, and anonymous by design.Why This Matters NowCities are being asked to improve safety, mobility, and efficiency without the tools to see what’s actually happening.At the same time, AI and emerging intelligent systems are advancing quickly—but lack real-world data.We are building the infrastructure layer that solves both problems.What We DoWe install small sensor systems on existing infrastructure like light poles and rooftops to capture how cities operate in real time.Our systems use technologies like LiDAR (3D spatial mapping), radar (weather-resistant detection), and environmental sensing to measure movement, traffic flow, and conditions without relying on cameras.This creates a continuous stream of structured, anonymized data that cities can use to improve operations and that AI systems rely on to understand the physical world.“Cities need better visibility, but they don’t want more surveillance. We built this to measure how systems move and behave.The real opportunity isn’t collecting more data—it’s collecting the right kind of data. Data that’s continuous, real-time, and doesn’t depend on identifying people.That’s what makes this usable at scale and valuable over time.”Miguel Jaramillo, Co-founder & CEOWe measure patterns. Not people.This Is Already HappeningLive deployment in New Orleans50+ locations in active deployment70 locations targeted for 2026 across 4 cities3,000+ location national pipeline securedNVIDIA Inception member🏆 ICW 2026 Championship Winner (Kingscrowd Audience Vote)This is not a concept. The infrastructure is live. New Orleans Jackson Square in 3DThis is already working. The question is how fast it scales. 🏙️ For Cities and CitizensThis starts with cities and the people who live in them. Cities get real-time visibility into how their streets actually function.For you, that means:Safer intersectionsLess time in trafficFaster emergency responseBetter everyday infrastructureEvery deployed location improves how your city works in real time.🔒 Anonymous by PhysicsThis is not a camera network. Our sensors do not capture faces, license plates, or identities. They see the world as movement and shapes.We call this Anonymous by Physics.In practice, that means: you are never identified. Your movement is never stored or tied to you. And your privacy doesn’t depend on a policy someone could change — it’s built directly into the hardware.This is infrastructure designed to understand what is happening, without ever knowing who you are.🤖 For AI, Technology and EnterpriseOnce this infrastructure exists, it creates a new data layer for AI systems.AI can finally understand what is happening in the real world, not just online or in simulations.That shows up in everyday ways. Transportation systems become more responsive, deliveries become more reliable, and technology adapts to real conditions instead of assumptions.This is how AI becomes useful in daily life, not just theoretical.💰 For investorsThis is infrastructure, not a one-time product. Think about cell towers — one tower goes up, multiple carriers pay to use it, year after year.Surge works the same way, except the infrastructure also makes your streets safer. We deploy it, multiple customers pay for the data, and the network generates recurring revenue from the same physical asset over time.This is an asset class that has historically been limited to institutions — now you can own a piece of it, often in your own community.Each Node:Improves safetyGenerates recurring revenueServes multiple customers simultaneouslyEach new location deployment creates both a safer intersection and a revenue-generating asset.Third-party ValidationAn independent data valuation firm, Gulp Data, evaluated Surge’s datasets in Q4 2025 and characterized them as technically robust, standardized, and suitable for commercialization.Future projections are not guarateed.This is a conservative estimate, reflecting only the structured data products sold directly, and not including additional revenue from raw data licensing or downstream applications.“Transportation and mobility data is becoming one of the fastest-appreciating categories we track. Across the market, we're seeing rapid growth in demand for real-time, high fidelity sensor data because it's directly fueling autonomous systems, traffic automation, insurance models, and next-generation logistics.Surge and its partners are positioned to produce the kind of continuous, structured data supply that financial markets increasingly recognize as a balance-sheet asset.”Lauren Cascio, Founding Partner, Gulp DataHow It WorksWe install — Sensors are deployed on existing infrastructure. No major construction required.We collect — Continuous data on traffic, movement, and environmental conditions.We sell — Cities, AI companies, logistics, real estate, and insurance providers pay recurring fees for access.One intersection. Multiple buyers. Continuous revenue.When Surge is running in a city, it creates a live, continuous picture of how streets actually function.Every vehicle, every pedestrian, every crossing is captured as movement and patterns, not identity. No cameras. No faces. Just real-time understanding.Once that layer exists, cities and systems gain capabilities they’ve never had before.Systems Don’t Have To Guess AnymoreA delivery robot, a transit bus, and a person crossing the street don’t have to figure out where each other are independently.They can operate from the same shared understanding of what’s happening.A vehicle can anticipate movement before its own sensors would detect it, because the network already sees the full intersection.Infrastructure Responds In Real TimeStreets stop being static.In a snowstorm, when stopping distances increase, crosswalk timing can automatically adjust.If a specific corner shows a pattern of near-misses on Friday nights, it gets flagged and fixed.Emergency vehicles move faster because the system knows where they are and clears the path ahead of them.The System Learns From The StreetOver time, the network learns from millions of real-world observations.It recognizes patterns like increased risk during school hours or changing behavior in bad weather.Instead of reacting after something happens, infrastructure can adapt in advance, reducing incidents before they occur.This is what real-world data enables.Safer streets. Faster response. Smarter systems.We are a Public Benefit Corporation, which means we are required to consider community impact alongside shareholder returns.As this network expands, the infrastructure around you improves, cities operate more effectively, and the value created is shared rather than extracted.This is built so that communities are not just sources of data, but participants in the value it creates.Why NowReal-world data is becoming a foundational layer of the global economy. But that infrastructure does not yet exist at scale.We are building it.What Makes This DifferentThis is not:A camera networkA software platformA centralized data monopolyThis is physical infrastructure that generates continuous, real-world data.How We Scale Who we work withWe deploy through partnerships with infrastructure operators who already control the poles, conduit, and right-of-way where our sensors are installed.That means faster rollout, lower cost, and fewer permitting barriers than building from scratch.Our technology stack is built with partners across 3D perception (Cron AI), edge AI (Blue-Band), digital twins (True North), data commercialization (Gulp Data), and the NVIDIA Inception Program.Surge is a member of the NVIDIA Inception Program1© 2025 NVIDIA, the NVIDIA logo, and the NVIDIA Inception program are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries., with access to NVIDIA’s AI ecosystem, technical resources, and go-to-market support.What needs to go rightThis is early-stage infrastructure. Growth depends on deployment speed, city adoption, and how quickly the network scales.We're addressing this through phased city rollouts, strategic partnerships, and integration with infrastructure that's already in the ground.Each location costs approximately $70,000 to deploy.Estimated:$250K–$1M annual revenue per location.Under 5-month projected payback.Operating costs below 10% of revenue.This behaves more like a utility network than a startup.Future projections are not guaranteed.Why SurgeThis is not just a software problem. It requires working with cities, infrastructure owners, and real-world deployment environments.That’s where most companies fail.We’ve spent years operating at that intersection.Deploying infrastructure in complex municipal environmentsStructuring and financing real-world projectsBuilding distributed systems at the edgeOur team brings experience across infrastructure, finance, and edge computing.Miguel Jaramillo has spent 20+ years working in municipal and mobility infrastructure, including leading business development at Integrated Roadways.Brandon Richman brings 20+ years in infrastructure finance, with experience at Black & Veatch and Diode Ventures.John Cowan co-founded 6fusion and EDJX, helping pioneer distributed edge computing.We build and deploy in the real world, not just in code.We are raising through a Safer.Here’s what that means in plain English:You fund infrastructure deploymentYou receive revenue-based payments4.735% of company revenue is distributed (pro rata)Target return: 2.5x early investors, then 2xConverts to equity in a major eventYou participate in revenue today and equity upside later.If this scales, early participants benefit the most.Future projections are not guaranteed.Use Of FundsOur capital is focused on building and scaling the infrastructure that drives the network and bringing that infrastructure online with revenue:Sensor deploymentsCity expansionData platform and analyticsSales and commercializationInfrastructure operationsThis means not just deploying nodes, but activating them with customers and recurring data contracts.As the network grows, each location generates more data, supports more customers, and increases in value over timeMomentumThe infrastructure is live.The data is flowing.The network is expanding.The investment community has spoken — Surge won the 🏆 ICW 2026 Championship at Kingscrowd by audience vote.The Bigger PictureAI will depend on real-world data.The question is who owns that infrastructure—and who benefits.We believe it should start with cities and the people who live in them.Help build infrastructure that makes streets safer, respects privacy, and powers the next generation of real-world data. Invest in Surge.Note: All investments carry risk. Returns are not guaranteed. Review the full Safer terms before investing.

## FAQ
1. **Can you please explain the SAFER agreement? Is our upside limited to 2.5x? Can we decide not to sell our shares and wait until a liquidity event? My concern is that our upside is limited but we still have all of the risk.**
   - Hi Glenn — thank you for the question. We’ve seen a spike in the level of curiosity around the SAFER instrument, so your question is timely. We're working on a FAQ that will be shared under our POSTS tab later today. Until then, here is my brief response to your questions: A SAFER (Simple Agreement for Future Equity with Repurchase) is an investment contract, not stock, and does not provide ownership or voting rights at the time of investment. It may offer two potential forms of value: 1) rev...
2. **Hi Miguel, thank you for your reply. So if the company chooses to do the revenue-based repurchase payments does that mean investors no longer have the option of their investment turning into equity in the company? So basically does the investor get option 1 (repurchase payment...**
   - Great question. A SAFER is not an either/or choice. The SAFER is designed to offer exposure to revenue-based repurchase payments and possible participation in a future liquidity event. Revenue-based repurchase payments (if they occur) are interim and capped, while the SAFER may still participate in a future liquidity event, with all outcomes governed solely by the executed SAFER agreement.
3. **Are you currently a U.S. C-corporation -Surge Holdings Inc.?, will this SAFER convert into actual stock shares issued by that C-corp upon a trigger event, and do you expect those conversion shares to be eligible for QSBS (IRC 1202)?**
   - Thank you for your thoughtful question. Corporate Structure Yes. Surge Holdings Inc. is a Delaware C-corporation (Public Benefit Corporation). SAFER Conversion Mechanics The SAFER offered in this round is a contractual right that may convert into equity securities of Surge Holdings Inc. upon a qualifying event as defined in the SAFER agreement (such as a Liquidity Event). Upon conversion, investors would receive shares of common stock in the C-corporation, as described in the agreement. For a...
4. **Do you have or need license to collect data in public area?**
   - Great question. To date, we have not needed a separate “data collection license” to operate in public areas. Our deployments are governed by standard right-of-way (ROW) permitting and attachment agreements, similar to the frameworks used for small cells, fiber, and other communications infrastructure. These processes are well-established across U.S. municipalities and cover our physical installation and operations. From a data perspective, we are intentionally architected to be privacy-first....
5. **So glad to hear that SURGE is already achieving success in New Orleans, and has been allowed to SUBSTANTIALLY EXPAND its presence there. Next up--Atlanta and Raleigh. ......... HELL YEAH, MAN!!!**
   - Thanks Tom. Appreciate your participation on the last town hall.

## Team
- Miguel Jaramillo (Chief Executive Officer)
- Brandon Richman (Chief Financial Officer)
- John Cowan  (Executive Chair of the Board)
- James Thomason  (CTO-in-Residence (Next Wave Partners))

## Recent posts
- Final Round. One Step Away. (2026-04-13T21:39:05Z)
- 🚨 Surge Selected: Top 20 Nationwide — Vote for Us at Investment Crowdfunding Week (2026-03-24T13:30:59Z)
- QSBS, the Safer, and the Liquidity Tradeoff (2026-03-04T12:03:25Z)
- Surge Town Hall - March 4th (2026-02-20T19:14:52Z)
- Wefunder Spotlight (2026-02-18T17:58:47Z)
- 50% Milestone Reached — Thank You, Surge Backers (2026-02-10T12:52:56Z)
- Surge Accepted into the NVIDIA Inception Program (2026-01-16T13:21:43Z)
- Live from NOLA: This Isn't Video. It's Reality. (2026-01-06T22:07:53Z)
- SAFER Explained: Answers to Questions We’ve Been Getting (2025-12-18T20:43:19Z)
- 📢 Surge is Now a Public Benefit Corporation (PBC)! (2025-11-21T19:26:48Z)
- Who Owns the Foundational Infrastructure of the Future? (2025-10-22T16:36:43Z)
- Scalable Infrastructure for the Machine Economy (2025-10-16T13:14:53Z)

## Q&A
- Q: Do you have or need license to collect data in public area?
  - A: Great question. To date, we have not needed a separate “data collection license” to operate in public areas. Our deployments are governed by standard right-of-way (ROW) permitting and attachment agreements, similar to the frameworks used for small cells, fiber, and other communications infrastructure. These processes are well-established across U.S. municipalities and cover our physical installation and operations. From a data perspective, we are intentionally architected to be privacy-first. The data we collect is anonymized and aggregated at the edge, and we do not collect or store personally identifiable information (PII). Because of this design, our operations do not trigger the regulatory requirements typically associated with surveillance systems or consumer data brokers. As we enter new markets, we evaluate the regulatory environment city-by-city and engage local counsel where appropriate to ensure compliance with municipal, state, and federal guidelines. Our approach is proactive: we design for compliance from day one rather than retrofitting later. In short, our permitting pathway is well understood, and our privacy architecture minimizes regulatory exposure while aligning with long-term public policy trends.
- Q: Are you currently a U.S. C-corporation -Surge Holdings Inc.?, will this SAFER convert into actual stock shares issued by that C-corp upon a trigger event, and do you expect those conversion shares to be eligible for QSBS (IRC 1202)?
  - A: Thank you for your thoughtful question. Corporate Structure Yes. Surge Holdings Inc. is a Delaware C-corporation (Public Benefit Corporation). SAFER Conversion Mechanics The SAFER offered in this round is a contractual right that may convert into equity securities of Surge Holdings Inc. upon a qualifying event as defined in the SAFER agreement (such as a Liquidity Event). Upon conversion, investors would receive shares of common stock in the C-corporation, as described in the agreement. For additional details, please see our prior post: Safer FAQ from December. Qualified Small Business Stock (IRC §1202) Surge is structured as a U.S. C-corporation, which is one of the statutory requirements for potential QSBS treatment. However, QSBS eligibility depends on multiple factors, including: + The timing of when stock is actually issued, + The company’s gross asset levels at that time, + Ongoing compliance with active business requirements, and + Investor-specific tax circumstances. Importantly, a SAFER is not stock until conversion occurs. The QSBS holding period, if applicable, would begin only when shares are issued. We do not provide tax advice and cannot guarantee QSBS treatment. Investors should consult their own tax advisors regarding their specific circumstances. Accounting Treatment For transparency, the accounting treatment of the SAFER has been analyzed in collaboration with Armanino LLP and is available on Next Wave Partners’ website. Upcoming Discussion At our next Town Hall on March 4th, John Cowan will be joining us and will be available to answer structural and economic questions about the instrument.
- Q: I believe I understand the concept here. It's very technical but it seems that you are have created a platform that leverages AI to help improve traffic flow, starting with larger, metropolitan areas. Is that right? That is incredibly niche which can be either a benefit or a detriment, but I see it as a benefit, because it can really help cities like Atlanta who need it desperately. Where are you in the process of getting this technology to Atlanta? Have you met with government officials to garner city-based/county-based contracts? I'm just trying to understand how this is being operationalized because places like Atlanta need improved data infrastructure as it pertains to traffic. I'm interested but need these questions answered.
  - A: Earl — Thanks for the thoughtful question. You’re directionally right. Improving traffic flow and safety in major metropolitan areas like Atlanta is one of the most immediate applications of what we’re building. But rather than an AI traffic platform, we’re building the underlying real-world data infrastructure that AI systems, cities, enterprises, and emerging autonomous technologies can rely on to better understand and respond to the physical environment in real time.That creates multiple revenue opportunities from the same deployed asset. We’re not building a single-purpose traffic product. We’re building foundational infrastructure for real-world AI applications.On operationalization: our approach is to work across both public and private-sector environments simultaneously. Cities are a core priority, while private-sector deployments including utilities, campuses, hospitals, and logistics environments help accelerate deployment and expand the overall network.In Atlanta, we’re currently moving forward with Georgia Power on initial deployments and expect to share more publicly in the coming weeks. Our New Orleans deployment has also been live since December, giving us an operational environment to validate performance and commercial demand.We have not yet formally engaged with municipal officials in Atlanta, although city and county partnerships remain an important part of our long-term strategy and we expect to begin those discussions in the coming months. A couple of companies within our broader technology stack already work with the City of Atlanta and GDOT, which we believe can help support future collaboration opportunities as the network expands.Right now, we’re focused on deploying infrastructure with early strategic partners and demonstrating performance first.Long term, we see Surge becoming foundational infrastructure for how cities and AI systems understand and interact with the physical world in real time.Happy to answer any additional questions.
- Q: How is the install going, Miguel?
  - A: Looking to add in NOLA and planning to be on the ground in ATL next month. Finalized site selections. Everyone there has been busy ahead of the World Cup.
- Q: Hi, I was reviewing your raise on Wefunder and noticed something interesting about your funding cadence and investor conversion structure. You’ve attracted early interest, but there may be an opportunity to engineer stronger momentum spikes that increase average check size and urgency perception. Are you currently running a structured investor activation plan behind the scenes, or relying mostly on organic traffic? Happy to share a brief breakdown if useful. Best regards,
- Q: Hi Miguel, thank you for your reply. So if the company chooses to do the revenue-based repurchase payments does that mean investors no longer have the option of their investment turning into equity in the company? So basically does the investor get option 1 (repurchase payments) or option 2 (SAFE) or both? Thank you, Glenn
  - A: Great question. A SAFER is not an either/or choice. The SAFER is designed to offer exposure to revenue-based repurchase payments and possible participation in a future liquidity event. Revenue-based repurchase payments (if they occur) are interim and capped, while the SAFER may still participate in a future liquidity event, with all outcomes governed solely by the executed SAFER agreement.
  - A: Hi Glenn - We just posted our Safer FAQ under the POSTS tab. Let us know if you have any additional questions. Thanks for following our journey. We'll have more to share over the coming weeks!
- Q: Hi my name is Sherwood Neiss. I'm managing partner at D3VC.ai. We are an early-stage venture fund that invests in select RegCF offerings. Yours scored high on our algorithm and we had a chance to look at your offering during our last investment committee meeting. Our team had the following questions we were hoping you could answer: Data Uniqueness and Exclusivity - We understand you're collecting foot and vehicle traffic data from sensors in public places like New Orleans. However, cities already collect similar traffic and pedestrian movement data through existing infrastructure and monitoring systems. Could you help us understand what makes your data unique or proprietary compared to data that cities are already collecting and potentially making available? What specific advantages or exclusivity does your dataset offer to AI training companies? Revenue Validation - Your offering mentions that each node can generate $250,000 to $1 million in annual recurring revenue. You indicate New Orleans is currently live with some nodes, yet your revenue is currently zero. Could you clarify when the New Orleans deployment went live and what revenues, if any, have been generated to date? Additionally, with 70 locations planned for 2026, how does that translate into projected revenue for the coming year? We appreciate your time in addressing these questions and look forward to hearing from you. Best regards, Sherwood Neiss Managing Partner, D3VC.ai
  - A: Hi Sherwood, Thank you for the thoughtful questions and for taking the time to review Surge with your team. We appreciate the rigor and are happy to provide additional clarity. 1. Data Uniqueness and Exclusivity You’re absolutely right that cities collect traffic-related data today. However, what exists is fundamentally different from what we’re building in both structure and commercial use. Most municipal systems today are: - Siloed and non-standardized (city-by-city, vendor-by-vendor) - Sparse or intermittent (focused on signal timing, not continuous capture) - Not AI-ready (limited labeling, lower fidelity, restricted access) - Operationally focused, not designed as scalable data products Surge’s approach is to build standardized, continuously collected datasets designed for AI and real-time applications. Each node captures multiple data streams (vehicle movement, pedestrian flow, environmental context) in a consistent format across locations. Our defensibility comes from deployment and access, not just sensing. By establishing a physical presence at high-value intersections, corridors, and environments, we create persistent data generation points that become more valuable as they operate over time. We are also working toward long-term access agreements with municipalities and partnering with infrastructure operators to maintain and expand that footprint across locations. As coverage grows, this builds a location-based dataset that increases in usefulness and value. In short: cities collect data for operations; we are building infrastructure for AI-grade data generation. 2. Revenue Validation and New Orleans Deployment New Orleans is our first deployment and is best understood as an early-stage pilot rather than a revenue-mature market. Initial nodes began going live in late 2025, with rollout continuing into 2026. To date, no material revenue has been generated, which is consistent with our current stage. Our focus so far has been: - Validating hardware and software in real-world conditions - Establishing deployment processes and partnerships - Generating initial datasets for prospective customers We are in discussions with potential customers but have not yet converted those into contracts. 3. 2026 Deployment → Revenue Translation The $250K–$1M ARR per node reflects steady-state potential, not initial deployment performance. For 2026, we are targeting approximately 70 deployed locations. These nodes will come online progressively throughout the year and will not operate at full capacity immediately. As a result: - 2026 is primarily a deployment and early commercialization year - We expect revenue to begin as deployments scale and customer relationships develop, with broader scaling beyond that We view this similarly to other infrastructure businesses: deployment comes first, and value builds as the network grows. We appreciate the depth of your questions as they align with how we’re thinking about building a durable, venture-scale business. Happy to go deeper on any of the above on a virtual call with D3VC. Miguel Jaramillo Co-Founder & CEO FYI - We also have an upcoming company town hall that provides investors, followers, and attendees an opportunity to engage with us directly. The event is Wednesday, April 22nd at 12:00pm CDT. https://us06web.zoom.us/meeting/register/X8gZkVj7SQSqZ3EMipVj7w
- Q: A personal observation, with some blunt, constructive feedback: It may just be my own slowness, but it took me a lot of time to read through and understand Surge's business and value proposition. And it seemed even less clear and succinct on your current website's home page. Perhaps you might consider leading off with messaging closer to this, if you're not already working towards doing so? "AI is currently starved for real-time data. We address that gap in one of the places that truly matters: cities." "Our platform collects anonymized real-time data about cities, including the movement of people and vehicles, and environmental conditions. "This can be fed to AI to dynamically help improve traffic flows, emergency notification and response, and energy efficiency (cooling, heating, lighting) ... "That, in turn, results in benefits like (list benefits here, from your excellent campaign page section discussing those) ... And a related observation: Miguel's video is great! It's powerful and clear. Yet even there, "not burying the lede" but beginning with a line or two like those above, might be worth exploring? And then you can immediately continue, as this video elegantly does, with the generic problem of real world, real-time data not generally being available to AI tools, and how Surge addresses that: starting with specific data types from urban environments and potentially expanding to far more opportunities in this general space!
  - A: Aron,Thank you, this is genuinely helpful feedback, and definitely heard.You're not alone in that reaction. Making our story land clearly and quickly has been an ongoing focus, and we've tried to keep sharpening the message with each iteration. The framing you suggested, leading with the "AI is starved for real-time data, and cities are where it matters most" angle, is very close to where we've been heading.We're actually in the middle of updating our Wefunder page right now, and the refreshed version should go live in the next couple of days. I think you'll see a lot of what you're describing reflected in it. Once it's up, I'd love to hear whether it lands better for you.Thanks again for taking the time to write this out. Feedback like this is exactly what helps us get it right.Best,Brandon
  - A: Aron - Thanks for investing and thanks for the feedback. Your comments are timely. We're updating our copy right now (based on pitches, investor feedback) and should have a refresh in the coming days. We're excited to share some announcements around partnerships as well. Stay tuned.
- Q: And you just broke HALF A MILLION on your current raise. Love it!!!
  - A: Thanks Tom. We're very focused on hitting our next milestone.
- Q: Miguel, my good man, CONGRATULATIONS!!! on being The Crowd's favorite today at the CHAMPIONSHIP ROUND of the KINGSCROWD GLOBAL INVESTING CONFERENCE. ............. Well done, my friend!!! ............ Will be INCREASING MY INVESTMENT IN SURGE, very soon!!!
  - A: Tom - Thanks for all the support. It was good to see a familiar face at the Kingscrowd ICW event.
- Q: Please keep this raise open a while, I plan to increase my investment as soon as possible. Love what you're doing! How are things going in New Orleans and Atlanta? What about Raleigh?
  - A: Thank you so much — we genuinely appreciate your support and enthusiasm, and we're thrilled to have you along for the journey!Things are moving on multiple fronts right now. In New Orleans, we're actively working toward our next device rollout as we finalize the design of Version 3 of our Node hardware — a meaningful step forward for the network. Atlanta is a separate and parallel effort where we're focused on establishing permits and locking in site selection with our partner there.Raleigh remains on our roadmap as well — we're working through the permitting process there, which takes time, but we're making steady progress.We also have some exciting news to share — our next investor town hall is scheduled for April 15th, and we'll be announcing a special guest shortly. You won't want to miss it, so keep an eye out for that announcement!We'll continue sharing updates as milestones are reached. And we're glad to hear you plan to increase your investment — every dollar helps us move faster and go further. Don't hesitate to reach out if you ever have questions!— The Surge Networks Team
- Q: Man, I am upset b/c I was unable to attend your most recent town hall due to a prior engagement!! What did I miss? Can I get an update? Thank you, Miguel!!
  - A: We provided a more detailed update in our post above, but if you'd like to go deeper, you can watch our full town hall here: https://youtu.be/TDemMvsBanMThanks so much for your continued interest and support — it truly means the world to us. We're building something special, and it's because of investors like you that we're able to make it happen. 🙏— The Surge Networks Team
- Q: So glad to hear that SURGE is already achieving success in New Orleans, and has been allowed to SUBSTANTIALLY EXPAND its presence there. Next up--Atlanta and Raleigh. ......... HELL YEAH, MAN!!!
  - A: Thanks Tom. Appreciate your participation on the last town hall.
- Q: Can you please explain the SAFER agreement? Is our upside limited to 2.5x? Can we decide not to sell our shares and wait until a liquidity event? My concern is that our upside is limited but we still have all of the risk.
  - A: Hi Glenn — thank you for the question. We’ve seen a spike in the level of curiosity around the SAFER instrument, so your question is timely. We're working on a FAQ that will be shared under our POSTS tab later today. Until then, here is my brief response to your questions: A SAFER (Simple Agreement for Future Equity with Repurchase) is an investment contract, not stock, and does not provide ownership or voting rights at the time of investment. It may offer two potential forms of value: 1) revenue-based repurchase payments if the company generates revenue, and 2) possible participation in a future liquidity event based on the agreement’s valuation-cap mechanics. The 2.5x Target Return applies only to revenue-based repurchase payments and does not cap any potential exit participation, which is dependent on company outcomes. While the SAFER is structured to provide both interim revenue-based payments and potential exit participation, these outcomes may be delayed or not occur at all, and a liquidity event is not guaranteed. This summary is provided for investor education and convenience only and is not legal, tax, or investment advice. In the event of any inconsistency, the executed SAFER agreement governs.
- Q: Hi Miguel. I scheduled a Teams call with you for 3 p.m. today (last week), thru your Calendly, but did not receive a notification. Are we still on? Thank you!
  - A: Hi Tom - It’s scheduled for 5p CT / 3p PT today. My Calendly is set for central standard time, it should reflect that for people outside of my time zone.
  - A: You might need to check spam. Your email is listed in the scheduled call.