NuRAN Wireless signs $6.5 million preferred share subscription with institutional investor
Reuters2026/08/17 15:09- NuRAN Wireless signed a USD 6.5 million subscription agreement for 1,529,412 Series A convertible preferred shares priced at USD 4.25.
- About USD 3.8 million will be settled via conversion of investor-held debt, with the remaining proceeds funded in cash.
- Transaction includes 200,000 warrants at USD 10 plus 1,329,412 warrants at USD 5; warrants will be unlisted.
- Closing is expected in coming weeks, conditional on Nasdaq listing approval for the common shares, unless waived by the investor.
- Net cash proceeds earmarked for business growth initiatives, with remaining funds allocated to general working capital.
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