Recent Updates — NUR

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.

NuRAN Wireless announced a pilot program in Nigeria, conducted with partner Infratel, to evaluate Starlink low Earth orbit (LEO) satellite service as a high-performance backhaul solution for rural telecommunications infrastructure. The company has no direct contractual relationship with Starlink or SpaceX; the service is obtained through third-party providers. This initiative aims to demonstrate how LEO connectivity can accelerate 4G migration and enable edge AI, local compute, and NuEnergy services at remote sites where terrestrial options are constrained. If successful, NuRAN intends to replicate this model across its network of over 5,000 contracted sites in markets such as the Democratic Republic of the Congo, Côte d'Ivoire, Benin, and Cameroon. NuRAN Wireless is a rural telecommunications infrastructure company connecting remote and underserved communities across Africa through its Network-as-a-Service model.

NuRAN Wireless Inc. announced on September 10, 2026, that it has entered into a pilot engagement with an unnamed fleet management company to assess its private wireless solutions for maritime applications. The pilot aims to evaluate the technology's ability to monitor, track, and manage shipments in harsh maritime environments, leveraging NuRAN’s experience deploying robust infrastructure in remote African regions. If successfully validated, this single opportunity could scale to equip up to 1,000 ships with NuRAN technology over time. This initiative represents a strategic entry into the maritime private network vertical, targeting growth areas such as IoT sensor connectivity and fleet operations within the broader marine digitization market. NuRAN Wireless Inc. operates in the telecommunications infrastructure industry, financing, building, and maintaining mobile network coverage for rural and underserved communities across Africa.

NuRAN Wireless Inc. filed a final short form base shelf prospectus and received a final receipt from Canadian securities regulators, with a corresponding Form F-10 registration statement filed with the SEC for effectiveness by August 26, 2026. This filing establishes a framework for future public offerings, strategic investments, or at-the-market distributions on terms to be determined based on market conditions. The company intends to use net proceeds from any future offering to construct and commission over 2,000 additional telecommunications infrastructure sites and support deployment program operating expenditures. NuRAN Wireless operates in the rural telecommunications industry, providing Network-as-a-Service connectivity to underserved communities.