Financing ·
Secures US$10M non-dilutive revolving credit facility and confirms no ATM sales
NURNuran Wireless Inc.
NuRAN Wireless Inc. entered into a definitive US$10 million non-convertible secured revolving credit facility with a supporting shareholder group to fund working capital and telecommunications tower construction. The facility matures on January 1, 2028, is secured by the company's non-African subsidiaries' assets, and contains no equity-linked features such as warrants or conversion rights. Concurrently, NuRAN confirmed that it has not sold any shares under its At-The-Market (ATM) equity program since its inception in September 2026. Management stated it will not utilize the ATM at current market prices, believing the share price does not reflect the company's underlying value. The company operates as a rural telecommunications infrastructure provider connecting underserved communities across Africa.