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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 (OTC:NRRWF) closed a non-brokered interim private placement on November 26, 2025, raising CA$300,000 via issuance of 13,636,362 Units at CA$0.022 per Unit. Each Unit includes one common share and one-half warrant; whole warrants will allow purchase of one pre-consolidation share at CA$0.033 until three years from issuance.
The placement is an interim step in a board-approved restructuring providing for debt settlement agreements to convert up to CA$25,000,000 of debt (including accrued interest) into equity or a similar structure, and to raise an additional CA$5,000,000 of equity (or a company-determined ratio). Proceeds will be used for working capital. Shares and warrant shares are subject to a four-month-and-one-day hold and other applicable restrictions.
Management is working with the British Columbia Securities Commission on a Continuous Disclosure Review; both the BCSC and CSE have approved this interim placement, but the broader restructuring remains pending until disclosure obligations are met and the review concludes.
NuRAN (OTC:NRRWF) announced that shareholders approved the Restructuring Transaction at the adjourned Annual General and Special Meeting held Oct 29, 2025, with approval based on votes cast at the meeting and by proxy.
The company said it is currently undergoing a Continuous Disclosure Review by the British Columbia Securities Commission (BCSC). Management and directors are working with short-term debt holders under guidance from the Canadian Securities Exchange (CSE) to ensure the approved transaction meets disclosure and compliance requirements; NuRAN will update shareholders once the process is completed.
NuRAN (OTC:NRRWF) reported partial results from its 2025 Annual General and Special Meeting held October 22, 2025.
Shareholders accepted audited financial statements for the years ended Dec 31, 2023 and Dec 31, 2024, fixed the board at six directors with all six nominees elected, and appointed Zeifmans LLP as auditor. Shareholders approved an ordinary resolution authorizing a share consolidation (ratio to be set by the board) to satisfy U.S. national exchange listing conditions.
The vote on the Restructuring Transaction was adjourned; the meeting reconvenes Oct 29, 2025 at 10:00 AM ET, and voting on that item remains open until Oct 27, 2025 at 10:00 AM ET. Management will publish a letter explaining the factoring line of credit (Aug 2023) tied to the proposed restructuring.
NuRAN Wireless (OTC:NRRWF) announced the adjournment of its Annual General and Special Meeting originally scheduled for October 15, 2025 to October 22, 2025.
The company said the adjournment follows an ongoing Continuous Disclosure Review by the British Columbia Securities Commission and reflects NuRAN's decision to file additional disclosure in advance of the meeting so shareholders have sufficient time to review materials.
NuRAN Wireless (OTCQB:NRRWF), a mobile and broadband infrastructure solutions provider, has secured the third drawdown of US$1 million from the Facility for Energy Inclusion (FEI), managed by Cygnum Capital. This follows previous drawdowns of US$2.5M in July 2024 and US$1.05M in February 2025, under a US$5M loan facility.
The remaining US$450,000 will be released upon completion of 50 additional sites. The funds will primarily support African mobile site expansion and restart operations in the Democratic Republic of the Congo (DRC), following a recent amendment with Orange and infrastructure license approval.
[ "Secured US$1M in third drawdown funding from FEI", "Total of US$4.55M received out of US$5M loan facility", "Obtained infrastructure license approval in DRC", "Secured amendment with Orange for DRC operations" ]NuRAN Wireless (OTC:NRRWF) issued a clarifying release following a review by the British Columbia Securities Commission (BCSC) that identified several disclosure deficiencies. The company was placed on the BCSC Issuers in Default List on September 19, 2025.
The company announced a proposed restructuring transaction to address its financial challenges, including converting significant debt to equity to meet Nasdaq listing requirements of US$5M positive shareholder equity. The restructuring includes a concurrent equity financing of $4-5 million from arm's length investors.
Due to these developments, NuRAN has adjourned its Annual General and Special Meeting from September 30 to October 15, 2025, allowing shareholders additional time to review revised documents.
NuRAN Wireless (OTCQB:NRRWF), a mobile and broadband wireless infrastructure solutions provider, has secured authorization for its infrastructure license to operate telecom sites in the Democratic Republic of The Congo (DRC). The company has successfully settled the license fee invoice, marking a crucial milestone in its expansion.
This development follows a similar Category 1 License obtained in Cameroon in October 2023. Importantly, the license approval fulfills the final condition for accessing the DRC portion of a US $5M Loan Facility for Energy Inclusion (FEI), managed by Cygnum Capital. NuRAN expects to complete the drawdown process within seven days.
NuRAN Wireless (OTCQB:NRRWF) has secured a CA$7.2 million CAPEX contract with a state-owned Mobile Network Operator in West Africa. The project involves deploying up to 200 sites to expand mobile coverage in rural areas over a 3-year period.
As the lead contractor, NuRAN will provide Radio Access Network equipment and manage end-to-end delivery, including sourcing, logistics, site selection, and installation. The project aligns with NuRAN's strategy of establishing cost-efficient operational hubs and leveraging its expertise in rural telecommunications.
The deployment will utilize NuRAN's LiteCell xG technology, with payments tied to project milestones. The company will also oversee network management and maintenance, subject to a future agreement.
NuRAN Wireless (OTC:NRRWF), a wireless infrastructure solutions provider, reported Q2 2025 financial results with mixed performance. Revenue reached $2.9M for H1 2025, up 39% year-over-year, driven by Network as a Service (NaaS) growth. Gross profit increased 36% to $1.67M with a 58% margin.
The company faced challenges including a billing system error with their MNO client that required revenue adjustments. Despite this, NaaS site economics remain aligned with initial projections. The net loss widened by 9% to $5.32M, impacted by debt service costs and non-cash charges.
NuRAN is actively pursuing debt restructuring, having completed a $1.5M private placement and engaging in negotiations with debt holders and potential investors to either replace existing debt with longer-term instruments or swap debt for equity.
NuRAN Wireless (OTC:NRRWF) has completed a non-brokered private placement, raising CAD$1.5 million through the issuance of 30 million common shares at $0.05 per share. The funds will be used for working capital and to pay outstanding short-term promissory notes issued from April to August 2025.
The company is actively negotiating with current debt holders and potential new institutional investors to restructure or replace its outstanding debt. Two main options are being considered: 1) replacing existing debt with longer-term instruments or 2) implementing a debt-for-equity swap. These negotiations include governmental agencies and private lenders, with discussions ongoing regarding potential repayment, conversion, and write-off terms.