NuRAN Closes C$7.6M Preferred Financing and Secures Nasdaq Listing

summarizeSummary

NuRAN Wireless closed its C$7.6 million preferred share financing and received Nasdaq approval to list under symbol NUR, with trading expected August 17, 2026.

check_boxKey Events · Financing and Capital Events · NRRWF

• Financing Closed

  Issued 1,788,233 Series A convertible preferred shares at C$4.25 each for aggregate C$7,600,000 on August 14, 2026.

• Debt and Salary Settled

  C$3,862,143 of convertible debenture, C$518,704 of management salaries, and C$219,153 of other debt were settled in exchange for preferred shares; C$3,000,000 was received in cash.

• Nasdaq Listing Approved

  Nasdaq approved listing under symbol NUR; trading expected to commence August 17, 2026, subject to administrative items.

• Warrants Issued

  200,000 A warrants exercisable at C$10.00 for 4 years and 1,588,233 B warrants exercisable at C$5.00 for 5 years.

auto_awesomeAnalysis · NRRWF · Technology

NuRAN Wireless completed its C$7.6 million Series A convertible preferred share financing on August 14, 2026, issuing 1,788,233 shares at C$4.25 each. The deal converts C$4.6 million of debt and accrued salaries into equity, leaving C$3 million in cash, and is designed to satisfy Nasdaq's shareholders' equity listing standard. Nasdaq has approved the listing under symbol NUR, with trading expected to begin August 17, 2026. The financing is highly dilutive to common shareholders: each preferred share converts into 0.85 common shares at C$5.00, implying roughly 1.52 million new common shares, plus 1.79 million warrants with exercise prices of C$5.00 and C$10.00. The company's market cap is approximately C$98 million, so the potential dilution is significant. However, the capital injection and debt reduction materially strengthen the balance sheet and remove a key obstacle to the U.S. listing, which could broaden the investor base.