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NuRAN Wireless Inc. reports developments in rural mobile and broadband wireless infrastructure for remote and underserved regions. Company updates cover scalable 2G, 3G and 4G network deployments, tower activity, restored sites, and rollout activity in African markets including Cameroon, Ghana, the Democratic Republic of the Congo, and Ivory Coast.
NuRAN news also addresses corporate finance and securities matters, including unit issuances, private placements, debt settlements, the completed restructuring transaction involving Advance Factoring Inc., and continuous-disclosure obligations under Canadian securities rules.
NuRAN Wireless (CSE:NUR)(OTC:NRRWF)(FSE:1RN) closed a previously announced private placement of Series A convertible preferred shares for aggregate consideration of $7,600,000. The company issued 1,788,233 Preferred Shares at $4.25 each, satisfied through debt settlements, salary conversion and new cash.
Approximately $3,862,143 extinguished a convertible debenture, $518,704 settled accrued salaries to three executives, $219,153 reduced other payables, and $3,000,000 was paid in cash. According to NuRAN Wireless, the financing reduced liabilities and increased shareholders’ equity by about C$7.6 million, with net cash for business development and working capital.
The company also issued 200,000 A warrants (exercise price $10.00, four-year term) and 1,588,233 B warrants (exercise price $5.00, five-year term) and entered a registration rights agreement for common shares issuable on conversion of Preferred Shares and exercise of B warrants. The securities are subject to a Canadian hold period expiring December 15, 2026 and are not registered under the U.S. Securities Act. NuRAN Wireless is completing administrative items for a planned Nasdaq listing, but commencement of trading, including on August 17, 2026, is not assured.
NuRAN Wireless (OTC:NRRWF) announced that Nasdaq has approved its application to list its common shares on The Nasdaq Capital Market, with trading under the symbol “NUR” currently expected to begin on August 17, 2026, subject to final administrative steps and ongoing listing compliance. The company must still pay the remaining Nasdaq entry fee and file the Nasdaq certification, and it cautions there is no assurance trading will start on that date or at all.
Following receipt of Nasdaq’s approval letter, NuRAN’s lead institutional investor confirmed conditions for the company’s C$7.6 million Series A convertible preferred share private placement are satisfied and waived the requirement that Nasdaq trading commence before closing. NuRAN therefore expects to close the Financing on August 14, 2026.
NuRAN Wireless (CSE:NUR, OTC:NRRWF) increased its previously announced private placement of Series A convertible preferred shares from C$6,500,001 to C$7,600,000, at the request of Nasdaq in connection with its pending listing application. An institutional investor amended its subscription to match the increased Financing, while the board raised the authorized Preferred Shares from 1,700,000 to 2,000,000, allowing for up to C$8,500,000 in gross proceeds at C$4.25 per share.
The conversion price was set at C$5.00 per common share, so each Preferred Share is convertible into 0.85 common share, subject to adjustments. About C$3.85 million of a convertible debenture, roughly C$220,000 of other indebtedness, and C$518,704 of accrued management salaries will be settled in Preferred Shares, with the remaining approximately C$3 million received in cash. The transaction is expected to reduce liabilities and increase shareholders’ equity by about C$7.6 million, which the company expects will satisfy Nasdaq’s shareholders’ equity listing standard, with closing targeted on or before August 14, 2026, subject to customary conditions.
NuRAN Wireless (OTC:NRRWF) signed a definitive subscription agreement with an institutional investor for a $6,500,001 financing, involving 1,529,412 Series A convertible preferred shares at $4.25 each. About $3.8 million of the subscription will settle existing indebtedness held by the investor, with the balance paid in cash.
The structure is intended to help NuRAN meet Nasdaq Capital Market shareholders' equity requirements, though Nasdaq approval and financing completion are not assured. NuRAN will also issue 200,000 warrants at $10.00 (4‑year term) and 1,329,412 warrants at $5.00 (5‑year term). Net cash proceeds are earmarked for business growth and working capital.
NuRAN Wireless (OTC:NRRWF) has had its Form 40-F declared effective by the SEC as of June 26, 2026, registering its common shares under Section 12(g) of the Exchange Act.
Filed under MJDS, this is a key prerequisite for a potential Nasdaq Capital Market listing, which remains under review with no assurance of approval. NuRAN shares continue trading on the CSE, OTC Markets, and FSE. The company may also complete a private placement for growth and working capital, with size and pricing to be set based on market conditions.
NuRAN Wireless (OTC:NRRWF) filed a Form 40-F with the SEC as part of its application to list its common shares on the Nasdaq Capital Market and confidentially filed a preliminary short form base shelf prospectus with the BCSC for up to C$100 million in securities. The 40-F is under SEC review, and Nasdaq listing remains subject to regulatory approvals. The shelf, effective for 25 months once receipted and finalized, is intended to give NuRAN flexible, rapid access to capital to support its African growth strategy.
NuRAN Wireless (OTC:NRRWF) signed a mandate letter with Afrigreen Debt Impact Fund for a proposed senior debt facility of up to USD 12 million, aimed at accelerating rural 2G/3G/4G deployments across Africa.
The company also launched its first 4G towers in Ivory Coast, began a 3G rollout in Cameroon, and is working to complete delayed regulatory filings related to a prior restructuring.
NuRAN Wireless (OTC: NRRWF) provided a corporate update on April 23, 2026 regarding its restructuring transaction and the acquisition of Advance Factoring Inc.
Former shareholders of Advance Factoring executed an Undertaking on April 17, 2026 restricting disposal of securities issued under the share purchase agreement dated December 22, 2025. The Undertaking remains until two business days after removal from the BCSC Issuers in Default List or until the BCSC provides written consent to revise it. The company is preparing a material change report under Form 51-102F3 and Form 51-102F5 to remedy the default.
NuRAN Wireless (OTC: NRRWF) announced a non-brokered private placement to raise up to $15 million CAD via up to 4,098,361 Units at $3.66 per Unit, each Unit including up to one warrant exercisable at $4.30 for five years.
The Company says proceeds will fund business development and general working capital. NuRAN also reported first 4G tower sites in Ivory Coast and initial 3G deployment in Cameroon. Securities will carry a four-month hold period.
NuRAN Wireless (OTC:NRRWF) filed an application to list its common shares on the Nasdaq Capital Market and intends to file an SEC registration statement, subject to Nasdaq and SEC approval. The company also appointed Navindran Naidoo and Gerard Lokossou as strategic advisors to support operational and commercial growth in Africa.
The appointments add 25–30 years of regional telecom experience and industry networks to NuRAN as it pursues broader institutional investor access via a potential Nasdaq uplisting.