Nuran Wireless Stock Price, News & Analysis

NuRAN Wireless has announced an employment agreement with Questus Consulting Ltd., controlled by CFO Jim Bailey, effective September 2021. The Company will pay $20,833.33 per month for management consulting services, including financing and banking functions. An incentive structure includes options and a performance warrant for up to 1,600,000 shares based on milestones in strategic planning and growth. If a change of control occurs, Questus will receive a 12-month fee and the vesting of options. This agreement reflects the Company's commitment to its growth strategy in the NaaS business model.

NuRAN Wireless Inc. (OTC PINK: NRRWF) has provided an operational update highlighting significant progress in Cameroon, where the first revenue-generating sites are expected by September. Final negotiations for a non-dilutive debt financing facility are underway. The company is also pursuing an up-listing to the OTCQB and has generated interest in its LiteCell xG product. NuRAN is bidding on a large RFP for multiple sites with a Tier-One operator in Africa. Challenges in Sierra Leone persist, but the overall outlook is positive with ongoing site acquisitions in the DRC.

NuRAN Wireless Inc. (OTC: NRRWF) has retained Wall Street Reporter, a global marketing firm, to enhance investor awareness through a marketing services agreement valued at USD $12,500. The agreement includes initiatives such as traditional and online press releases, livestream presentations, and social media efforts. NuRAN will present at Wall Street Reporter's 'Baby Unicorn Stocks' livestream event on July 20, 2021. NuRAN specializes in mobile and broadband wireless infrastructure solutions, focusing on reducing costs for mobile network operators.

NuRAN Wireless Inc. has signed a Memorandum of Understanding with MTN to deploy a minimum of 250 rural networking sites in South Sudan within 24 months. The partnership utilizes the network-as-a-service model, focusing on connectivity expansion in rural areas. This initiative aims to enhance communication and services like e-commerce, education, and healthcare. The project supports NuRAN's goal of establishing 10,000 sites, with operations funded through asset-based project financing. This collaboration is a significant step toward bridging the digital divide.

NuRAN Wireless has signed a Memorandum of Understanding (MOU) with Telinno-Consulting for deploying a minimum of 150 rural sites in Mali and another MOU with Sierra Tel for at least 125 sites in Sierra Leone. The initiatives, aimed at enhancing mobile connectivity, are part of NuRAN's goal to deploy 10,000 sites over five years. The plans include a network-as-a-service (NAAS) model and a build, own, operate, and transfer (BOOT) revenue share model. Financing will primarily be through asset-based project financing.

NuRAN Wireless Inc. has successfully closed a non-brokered private placement, securing gross proceeds of $11,065,433. The offering involved issuing 4,617,930 units comprising common shares and warrants, with significant participation from Space-Communication Ltd., which now holds a 9.3% equity stake. Proceeds will be used to advance projects under NAAS contracts with Orange. The investment underscores Spacecom's commitment to enhancing rural connectivity solutions in Africa. The warrants are priced at $2.40 per share and valid for 24 months.

NuRAN Wireless announces a non-brokered private placement offering of up to 7,189,542 units at $1.53 per unit for gross proceeds of up to $11 million. A lead order of $4 million comes from Space-Communication Ltd., which will acquire approximately 9.3% equity post-offering. Each unit includes one common share and a warrant exercisable at $2.40 for two years. Funds will be used for network buildout, product development, and working capital. Closing is subject to certain conditions and due diligence.

NuRAN Wireless Inc. (OTC PINK: NRRWF) announced its common shares are now eligible for electronic clearing and settlement via The Depository Trust Company (DTC). This significant development will enhance liquidity and expedite trading for U.S. investors and brokerage firms. CEO Francis Letourneau expressed confidence that this eligibility will broaden their investor base and improve trade execution. NuRAN specializes in affordable mobile and broadband wireless infrastructure solutions.

NuRAN Wireless held its annual and special meeting of shareholders on May 7, 2021, with approximately 16.3% of common shares voted. Shareholders approved all resolutions, including the appointment of Mallette LLP as auditor (99.2% in favor) and the election of six directors, including Vitor Fonseca and Ken Campbell. Both directors bring extensive industry experience to the board, enhancing corporate governance. The Company is focused on implementing its NAAS business model and continuing its strategic restructuring for future success.