Nuran Wireless Inc.

NuRAN Wireless Inc. announced its entry into the maritime private networks sector through a pilot engagement with a fleet management company. The pilot aims to assess NuRAN's solutions for monitoring, tracking, and managing shipments across maritime fleets, with a potential to equip up to 1,000 ships if successful. This move leverages NuRAN's expertise in deploying robust connectivity in challenging environments and targets growing markets such as marine IoT and connected ships, representing a new growth avenue for the company.

Nuran Wireless Inc. has entered into a Registration Rights Agreement dated July 31, 2026, with a holder, granting registration rights for Common Shares issuable upon conversion of Series A Convertible Preferred Shares and exercise of B Warrants. The company is obligated to file a registration statement within 45 days and ensure its effectiveness within 90 days of the closing date. Failure to meet these deadlines or maintain effectiveness will result in liquidated damages of 0.5% of the aggregate subscription amount monthly, up to a maximum of 5%. The Series A Convertible Preferred Shares have specific conversion terms and a Default PUC Premium in case of an Event of Default.

Nuran Wireless Inc. has filed a Notice of Alteration to establish Series A Convertible Preferred Shares. This new class of shares, with a maximum of 1,700,000, carries a cumulative 15% annual dividend, paid in kind, which escalates to 30% upon an Event of Default. The shares are convertible into common shares at a specified price and include protective provisions requiring significant holder consent for certain corporate actions, indicating a structured financing instrument.

NuRAN Wireless Inc. reported an increased net loss of CAD 2.17 million for the first quarter ended March 31, 2026, compared to CAD 1.69 million in Q1 2025, with revenue decreasing to CAD 0.87 million. Despite the higher quarterly loss, the company significantly improved its financial position, moving from a working capital deficiency of CAD 5.0 million in December 2025 to a surplus of CAD 0.11 million in March 2026, largely due to a December 2025 restructuring that converted over CAD 20 million of debt to equity and raised CAD 5.8 million. NuRAN also applied to list its shares on Nasdaq and received a final loan drawdown.

NuRAN Wireless Inc. announced that its Form 40-F registration statement has been declared effective by the SEC as of June 26, 2026, marking a significant step towards listing its common shares on the Nasdaq Capital Market. This registration makes NuRAN's securities legally registered with the SEC, opening access to U.S. investors. The company also previously filed a Preliminary Short Form Base Shelf Prospectus for up to C$100,000,000 to provide financing flexibility and is considering a private placement offering.