Novra Technologi (NVRVF) Stock News

Novra (OTC:NVRVF) is pursuing strategic partnerships, commercial collaborations and possible acquisitions in the AIoT and communications markets following a capital raise.

The company closed a capital raise with SNAPS Holding Company on February 11, 2026, cites prior acquisitions of International Datacasting and Wegener, and seeks partners with complementary technologies to expand edge intelligence, SaaS and cloud-native services. There is no assurance any transaction will occur and Novra will not provide further updates unless a definitive agreement is executed or disclosure is required by TSX-V rules.

Novra (OTC: NVRVF) received an additional US $3.2M from SNAPS, bringing total funding received to US $3.7M (≈$5.0M CAD) and prompting a conversion request into common shares at $0.34 CAD per share.

Novra also signed a binding convertible loan for US $5.3M due within two years, 1% interest, funds required by September 30, 2026; conversions and >20% insider status require TSXV and possibly shareholder approval.

International Datacasting Corporation (IDC), a subsidiary of Novra Technologies (OTCQB: NVRVF), has secured a new contract and development agreement to upgrade management and control software for a U.S. government communications platform. The contract, valued at over $275,000, involves modernizing software for their S300 satellite receiver and expanding support to the next-generation S401 receiver.

The project aims to enhance receiver management capabilities for mission-critical applications across multiple government agencies. Novra anticipates additional S401 receiver orders in the coming years as government programs upgrade their networks. The company specializes in secure satellite broadcast solutions, including FIPS 140 encryption and DoD STIG implementations.

Novra Technologies (TSXV: NVI) announced a partial closing and third extension of its Convertible Loan Agreement with SNAPS Holding Company. The agreement involves a US $9 million (CA $12.3 million) loan with a 1% annual interest rate over two years. The first tranche of US $500,000 was received in June, convertible to shares at CA $0.34 per share.

The deadline for the remaining US $8.5 million has been extended to December 15, 2025. While TSXV approval was received for the initial tranche, future tranches will require additional approvals. The company notes that expected funds for June and July have not been received and cautions investors about relying on forward-looking statements.

Novra Technologies has received the first US$500,000 tranche of a US$9 million (CA$12.3 million) convertible loan agreement with SNAPS Holding Company. The loan, initially announced in September 2024, carries a 1% annual interest rate over a two-year term and can be converted to Novra common shares at CA$0.34 per share by either party, subject to TSXV and shareholder approval. The remaining funds are expected in multiple tranches through June and July 2025, with a final closing date set for July 31, 2025. While SNAPS has shown commitment through this initial funding, Novra cautions investors about relying on forward-looking statements. Company insiders are under a trading blackout until one week after further announcements.

Novra Technologies (TSXV: NVI) has announced an extension of its Convertible Loan Agreement with SNAPS Holding Company until July 31, 2025. The loan agreement, worth CAN $12.258 million, carries a 1% annual interest rate for two years and can be converted to common shares at CAD $0.34 per share. SNAPS has faced delays in its commercial real estate divestiture plan due to geopolitical factors and market uncertainties but remains committed to the agreement.

SNAPS expects to receive initial funding in early to mid-May 2025, with the first tranche scheduled for disbursement to Novra by May 15th. Additional tranches are planned for May, June, and July. Currently, Novra's Directors and Officers are under a trading blackout until further notice.

Novra Technologies (TSXV: NVI) has provided additional details about its previously announced $12.258 million Convertible Loan Agreement with SNAPS Holding Company. The two-year loan bears 1% annual interest and is convertible to common shares at $0.34 per share. The closing date has been extended to March 31, 2025 due to delays in SNAPS' asset divestiture process, affected by US and global credit market slowdowns.

The loan requires TSX Venture Exchange and shareholder approvals, which are pending. The agreement restricts Novra from issuing additional shares before June 30, 2025 without lender approval. SNAPS views Novra as a strategic asset for its global market reach and technology expertise. CEO Harris Liontas has committed to lead Novra for at least 2 years as CEO and up to 5 years as director post-loan closure.

Novra Technologies (TSXV: NVI) reports strong Q4 2024 orders totaling over $2.3 million, nearly matching the combined bookings from Q1-Q3 2024. The company secured major orders across multiple product lines, including a significant contract for a European nationwide broadcast radio network using IDC's MAP Pro Audio receivers. Additional orders include digital signage equipment for a health video network and an international bank, plus IP Encapsulators for a US weather data service. While many expected orders from 2024 were delayed due to market uncertainties, the company sees these Q4 orders as a positive shift after a challenging year.

Novra Technologies Inc. (TSXV: NVI) has secured a $12.258 million convertible loan agreement with a US-based private investment group. The loan has a two-year term with a 1.0% annual interest rate. The lender can convert the loan to Novra common shares at $0.34 per share, which is over eight times the previous closing price of $0.04. If fully converted, this would result in 36,053,000 new common shares. Novra plans to use the funds to pay off liabilities and for working capital, focusing on R&D, product enhancement, and expansion into new markets. The agreement is subject to TSX Venture Exchange approval and may require shareholder approval.