NuRAN Wireless Executes $6.5 Million Subscription Agreement with Institutional Investor

About this update from Nuran Wireless Inc

QUEBEC, QC / ACCESS Newswire / August 4, 2026 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTC PINK:NRRWF)(FSE:1RN), a pioneering rural connectivity company and one of Africa's fastest-growing Network-as-a-Service ("NaaS") operators, is pleased to announce that it has entered into a definitive subscription agreement (the "Subscription Agreement") with an institutional investor (the "Investor") for a $6,500,001 investment in the Company (the "Financing"), the completion of which is expected to satisfy the final outstanding requirement for the listing of the Company's common shares on the Nasdaq Capital Market. The Last Step to Nasdaq With SEC registration effective and the Company's listing application under review, the remaining item required to complete the Nasdaq listing process is the satisfaction of Nasdaq's applicable financial and shareholders' equity listing standards. The Financing is structured specifically to address that requirement. On completion, the Company expects to have materially strengthened its balance sheet through a combination of new capital and a corresponding reduction in outstanding indebtedness, positioning NuRAN to satisfy the applicable Nasdaq initial listing criteria. "This is the last piece of the puzzle," said Francis Létourneau, Director and CEO of NuRAN Wireless. "We have spent years building a real operating business, meeting rigorous Canadian disclosure standards, and clearing every regulatory hurdle on the path to a U.S. listing. Our 40-F is effective, our application is with Nasdaq, and this financing is designed to satisfy the final outstanding requirement. We are now closer than we have ever been to bringing NuRAN's story to American investors." Terms of the Financing Pursuant to the Subscription Agreement, the Investor will subscribe for 1,529,412 Series A convertible preferred shares of the Company (the "Preferred Shares") at a price of $4.25 per Preferred Share for aggregate consideration of $6,500,001. A portion of the aggregate subscription amount, being approximately $3.8 million, will be satisfied through the settlement of outstanding indebtedness of the Company held by the Investor, with the balance funded in cash. The Company may enter into subscription agreements with other holders of outstanding indebtedness on substantially the same terms, within the maximum number of Preferred Shares autho...

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