NuRAN Wireless ups private placement to C$7.6 million Series A preferred shares at C$4.25 each

Reuters2026/08/07 12:17

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NuRAN Wireless increased its Series A convertible preferred share private placement to C$ 7.6 million from C$ 6.5 million.
Subscription price set at C$ 4.25 per preferred share; expected issuance about 1,788,235 preferred shares at closing.
Conversion price reset to C$ 5 per common share, implying each preferred share converts into 0.85 common shares.
About C$ 3.85 million will settle a convertible debenture; about C$ 3 million expected in cash; liabilities reduced by C$ 7.6 million.
Closing targeted on or before Aug. 14, 2026, tied to the company’s pending Nasdaq listing application.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nuran Wireless Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608070817ACCESSWRNAPR_____1204553) on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NuRAN Wireless ups private placement to C$7.6 million Series A preferred shares at C$4.25 each

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