NuRAN Wireless Closes C$7.6M Financing Ahead of Nasdaq Listing

NuRAN Wireless Inc. (CSE: NUR) (OTC Pink: NRRWF) (FSE: 1RN) develops and operates wireless infrastructure for remote and underserved markets. Its Network-as-a-Service model involves financing, building and managing rural cellular sites for mobile-network operators.

The company announced that it completed a C$7.6 million private placement of 1,788,233 Series A convertible preferred shares priced at C$4.25 each.

Of the total consideration, C$3 million was received in cash. Approximately C$3.86 million extinguished a convertible debenture, C$518,704 settled accrued and unpaid salaries owed to three members of management, and C$219,153 settled other debt and accounts payable.

NuRAN said the transaction reduced its liabilities and increased shareholders’ equity by approximately C$7.6 million. The cash proceeds are intended for ongoing business development and general working capital.

“Closing this financing completes the balance sheet work that made our Nasdaq listing possible,” CEO Francis Létourneau said.

The company also issued 200,000 warrants exercisable at C$10 per common share for four years and approximately 1.59 million warrants exercisable at C$5 for five years. Conversion of the preferred shares, paid-in-kind dividends and warrant exercises could dilute existing common shareholders.

Management’s participation through the settlement of unpaid salaries constituted a related-party transaction. NuRAN relied on exemptions from formal valuation and minority-shareholder approval requirements because the value attributed to the participating executives did not exceed 25% of the company’s market capitalization.

The financing followed Nasdaq’s approval of NuRAN’s application to list on the Nasdaq Capital Market under the symbol NUR. Initial trading is expected to begin Aug. 17, 2026.

NuRAN’s amended first-quarter financial statements reported C$871,066 in revenue and a C$2.17 million net loss for the three months ended March 31. Operating activities used C$2.13 million in cash, while the company ended the quarter with C$1.93 million in cash. The statements identified material uncertainties that could affect NuRAN’s ability to continue as a going concern.

Upcoming Catalysts

NuRAN must still pay the remaining Nasdaq entry fee, file the required Nasdaq certification and continue satisfying the exchange’s listing requirements. The company cautioned that trading may not begin Aug. 17—or at all. Subsequent financial and deployment updates will provide additional information about how NuRAN uses the C$3 million in new cash and advances its African network operations.

Sources

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Sources used include NuRAN Wireless’s financing announcement dated Aug. 14, 2026; its Nasdaq approval announcement dated Aug. 13, 2026; and the company’s amended first-quarter 2026 financial statements and MD&A filed in July 2026.

The C$7.6 million financing included C$3 million in cash and approximately C$4.6 million in debt, unpaid salary and accounts-payable settlements. The transaction also included convertible preferred shares and approximately 1.79 million warrants, which may dilute existing shareholders. For the quarter ended March 31, 2026, NuRAN reported C$871,066 in revenue, a C$2.17 million net loss, C$2.13 million in operating cash use and C$1.93 million in cash. The company disclosed material uncertainties regarding its ability to continue as a going concern.

Financial information is current as of March 31, 2026. Nasdaq approval information is current as of Aug. 13, while financing information is current as of Aug. 14, 2026. Commencement of Nasdaq trading remains subject to administrative steps and continued compliance with applicable listing requirements. No share-price or market-capitalization data was used.

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