NuRAN Wireless upsized private placement to C$7.6 million in Series A preferred shares
Reuters2026/08/17 15:09Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- NuRAN Wireless increased its Series A convertible preferred share private placement to CAD 7.6 million from CAD 6.5 million.
- Preferred shares priced at CAD 4.25; conversion price reset to CAD 5 per common share, equal to 0.85 common shares per preferred.
- Expected issuance totals about 1,788,235 preferred shares at closing, targeted on or before Aug. 14, 2026.
- About CAD 3.85 million to settle an investor-held convertible debenture; about CAD 738,704 to settle payables, including unpaid management salary.
- Cash proceeds expected at about CAD 3 million; transaction aimed at boosting equity to meet Nasdaq listing standards.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001753926-26-001540), on August 17, 2026, and is solely responsible for the information contained therein.
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