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Nuran Wireless ( (TSE:NUR) ) has issued an update.
NuRAN Wireless has closed a second tranche of its additional unit offering, issuing 147,668 units at $2.89 per unit for total proceeds comprising $190,116 in cash subscriptions and $236,648 in debt settlements. The transaction, which included a modest cash commission and finder warrants, supports the company’s ongoing efforts to strengthen its balance sheet and convert outstanding obligations into equity, potentially improving financial flexibility as it pursues rural network expansion, though all newly issued securities remain subject to standard holding and regulatory restrictions.
More about Nuran Wireless
NuRAN Wireless Inc. is a rural telecommunications company that provides mobile and broadband wireless infrastructure focused on extending 2G, 3G and 4G network coverage to remote and underserved regions worldwide. By offering affordable, scalable solutions to mobile operators, the company targets the vast population in rural areas lacking reliable connectivity, positioning itself as a key player in efforts to bridge the global digital divide.
Average Trading Volume: 778
Technical Sentiment Signal: Sell
Current Market Cap: C$1.02M
For a thorough assessment of NUR stock, go to TipRanks’ Stock Analysis page.