Nuran Wireless Inc. (NUR) SEC Filings

For Nuran Wireless Inc., Joseph Michael Posen reported beneficial ownership of 1,288,662 common shares, or 9.8%, as of June 30, 2026. He reported sole voting and dispositive power over 1,113,507 shares and shared voting and dispositive power over 175,155 shares. Posen’s reported total includes 58,385 shares underlying warrants held directly by him and 58,385 held by his spouse, both exercisable within 60 days of June 30, 2026.

Yeshivas Limudei Hashem Society (YLHS) reported beneficial ownership of 937,602 shares, or 7.2%, with sole voting and dispositive power over them. Posen, as YLHS’s president, has that voting and dispositive authority, but YLHS retains the economic interest in its shares, and Posen has no pecuniary or other economic interest in them. Nuran had 13,084,716 common shares outstanding as of June 30, 2026; Posen’s percentage calculation also counted the two 58,385-share warrant positions.

NuRAN Wireless Inc. (NUR) announced a first-of-its-kind pilot in Nigeria to test licensed Starlink low Earth orbit (LEO) satellite service, obtained through third-party service providers, as a high-capacity backhaul solution for one of its rural sites. The company has no direct contractual or commercial relationship with Starlink or SpaceX and is working with long-time partner Infratel on the pilot. Management aims to evaluate whether LEO backhaul can support faster 4G migration, higher-capacity rural connectivity and future infrastructure initiatives such as edge AI, local compute and its NuEnergy program. If the pilot meets expectations and suitable service-provider arrangements are available, NuRAN may scale this model across its African footprint, where it has more than 5,000 sites under contract, while continuing to use terrestrial backhaul (microwave and TV white space) where appropriate.

Nuran Wireless Inc. (NUR) reports that investor Menachem Wagner has filed a Schedule 13G disclosing beneficial ownership of 1,344,276 Common Shares, representing 9.9% of the company’s Common Shares. Wagner has sole voting and dispositive power over all of these shares, with no shared power reported.

The position includes 972,019 Common Shares held through 10223778 Manitoba Ltd., 750 shares held through Stylecue LLC, and 371,507 Common Shares issuable upon partial exercise of warrants. These warrants are subject to a 9.99% beneficial ownership limitation, which caps how many shares can be acquired under the warrants at any time.

NuRAN Wireless Inc. (NUR) filed an amended and restated Annual Information Form, incorporated into its Form F-10, updating business developments, capital structure and detailed risk disclosures through December 31, 2025 and into early 2026. The amendment corrects prior disclosure inaccuracies.

The company focuses on rural mobile connectivity via a Network-as-a-Service model across Africa, with principal markets in Cameroon, the DRC, Benin, Madagascar, Côte d’Ivoire and Ghana. For 2025 it generated about $4 million of revenue, including $3.5 million from NaaS operations, but remains loss-making and is not generating positive EBITDA.

NuRAN describes extensive financing activity: secured and unsecured convertible debentures, bridge loans, a factoring facility, and a multi-draw loan with the Facility for Energy Inclusion to fund hundreds of sites, alongside multiple private placements and a 1-for-300 share consolidation. A December 2025 restructuring raised roughly $30 million and included acquiring Advance Factoring Inc. in a transaction that economically extinguished prior factored receivable liabilities but transferred effective control to the vendors. The AIF also expands on governance, emerging-market operational risks, liquidity and going-concern–type risks, and reliance on additional financing.

NuRAN Wireless Inc. (NUR) reports on a completed restructuring centered on the December 22, 2025 acquisition of Advance Factoring Inc. (“Factor”) and related balance-sheet overhaul. NuRAN issued 10,380,618 Units at $2.89 per Unit for about $30 million in aggregate gross proceeds, combining cash subscriptions, debt settlements and the share-based acquisition of the Factor. An initial additional tranche of 2,115,064 Units for about $6.11 million was also closed the same day, bringing total issued and outstanding shares to 12,905,118 immediately following the transactions.

The Factor’s principal assets were factored receivables representing claims against NuRAN; by acquiring the Factor, NuRAN internalized these arrangements, eliminated related intercompany balances and issued common shares equal to 55.78% of its voting securities to the Factor’s vendors, who can now materially affect control. The restructuring settled about $26.2 million of indebtedness and is described as a “restructuring transaction” under Canadian continuous disclosure rules. On a pro forma basis, available funds are approximately ($5.0 million), so NuRAN indicates it may need additional financing as it continues to pursue its Network-as-a-Service rural connectivity model.

NuRAN Wireless Inc. (NUR) announced that it has entered into an at-the-market offering agreement with H.C. Wainwright & Co., LLC, under which it may, at its discretion, offer and sell common shares having an aggregate offering price of up to US$50,000,000 on Nasdaq. Sales will be made from time to time at prevailing market prices, with Wainwright acting as sales agent and receiving a 3.0% cash commission on aggregate gross proceeds.

The company states that if it sells common shares under this ATM program, it intends to use the net proceeds principally to fund construction and commissioning of additional telecommunications infrastructure sites in Africa, support operating expenditures for deployment programs, and for working capital and general corporate purposes. The ATM is registered in the United States under an effective Form F-10 shelf registration and related base prospectus and prospectus supplement.

NuRAN Wireless Inc. (NUR) announced a pilot engagement with a fleet management company to test its wireless solutions for monitoring, tracking and managing shipments in maritime fleet environments. The pilot is NuRAN’s first move into maritime private networks and could, if successful, lead to deployments on up to 1,000 ships over time.

The initiative builds on NuRAN’s experience operating rural mobile infrastructure in remote African markets and applies its low-power, robust, and energy-efficient technology to ships, cargo assets, sensors and operational platforms. Management emphasizes that this is an additional, adjacent opportunity that complements the existing Network-as-a-Service business rather than a change in the company’s current model.

Nuran Wireless Inc. (NUR) reports that Starlink Capital LLC has filed a Schedule 13G disclosing beneficial ownership of a significant minority stake in the company. Starlink Capital LLC beneficially owns 1,026,210 common shares, representing 7.6% of Nuran Wireless Inc.’s common shares on a partially diluted basis.

This beneficial ownership includes 678,200 common shares held directly, 8,910 common shares held in a brokerage account, and 339,100 common shares underlying warrants that are currently exercisable within 60 days of June 30, 2026. Starlink Capital LLC has sole voting and dispositive power over all of these shares.

NuRAN Wireless Inc. (NUR) reports that it has applied to voluntarily delist its common shares from the Canadian Securities Exchange, with the final CSE trading day expected to be September 4, 2026, subject to CSE approval. The company states that its shares will continue to trade on Nasdaq under the symbol NUR, and that concentrating trading on a single marketplace is intended to better align with its operational needs, trading volumes and listing costs. NuRAN also discloses that director Navindran Naidoo has resigned from the board, effective immediately, to pursue other industry opportunities, and the company expresses appreciation for his contributions.