Financing ·
NuRAN Wireless secures US$10 million non-convertible revolving credit facility
NRRWDNuran Wireless Inc.
NuRAN Wireless Inc. has entered into a definitive US$10 million non-convertible revolving credit facility with a lender representing a supporting shareholder group. The facility is intended to fund working capital and additional telecommunications tower construction until January 1, 2028. It contains no conversion rights, warrants, or equity-linked features, ensuring it remains non-dilutive. Consequently, management confirmed that no shares have been sold under the company's at-the-market (ATM) equity program since its announcement in September 2026 and has elected not to use the ATM at current market prices. The company operates as a rural telecommunications infrastructure provider connecting underserved communities across Africa.