NuRAN Wireless Announces Corporate Update

About this update from Nuran Wireless Inc

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.QUEBEC, QC / ACCESS Newswire / April 23, 2026 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTC PINK:NRRWF)(FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, announces corporate updates regarding the restructuring transaction and the acquisition of Advance Factoring Inc. (the "Factor").The former shareholders of the Factor entered into an undertaking on April 17, 2026 (the "Undertaking") pursuant to which they agreed not to, directly or indirectly, offer, sell, contract to sell, pledge, transfer, or otherwise dispose of any securities of the Company held by them and issued pursuant to the share purchase agreement dated December 22, 2025 (the "SPA"), notwithstanding the expiry or removal of any legend required under applicable securities laws, as contemplated by section 2.5 of the SPA. Absent the execution of the Undertaking, the legend was scheduled to expire this day.The Undertaking remains in effect until the earlier of (i) two business days following the removal of the Company from the British Columbia Securities Commission (the "BCSC") 's Issuers in Default List, and (ii) the date on which the BCSC provides its written consent to revise, replace, or revoke the Undertaking.Moreover, the Company remains in the process of completing a material change report containing the disclosure required by section 5.2 of Form 51-102F3 and section 14.2 of Form 51-102F5 with respect to the acquisition of the Factor. The Company is continuing to prepare the required disclosure and intends to remedy the default as soon as practicable in accordance with applicable securities laws.About NuRAN Wireless:NuRAN Wireless is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. With its affordable and innovative scalable solutions of 2G, 3G, and 4G technologies, NuRAN Wireless offers a new possibility for more than one billion people to communicate effectively over long distances efficiently and affordably. "Bridging the Digital Divide, One Connection at a Time."Additional Information:For further information about NuRAN Wireless: www.nuranwireless.comFrancis Létourn...

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