Nuran Wireless Inc. (NRRWF) Form 6-K — Aug 17, 2026
NuRAN Wireless closed its upsized C$7.6 million private placement of Series A convertible preferred shares on August 14, 2026, issuing 1,788,233 preferred shares at C$4.25 each. Only about C$3 million was new cash: roughly C$3.86 million extinguished a convertible debenture held by the lead investor, C$518,704 settled accrued salary for three executives, and C$219,153 settled supplier payables. The company expects the financing to reduce liabilities and increase shareholders' equity by approximately C$7.6 million, which it believes satisfies the Nasdaq shareholders' equity listing standard that had been the final outstanding requirement for its U.S. listing.
Key figures
- Gross Proceeds
- C$7,600,000
- Offering Price
- C$4.25 per Series A convertible preferred share
- Shares Offered
- 1788233
- A warrants
- 200,000 at C$10.00, 4-year term
- B warrants
- 1,588,233 at C$5.00, 5-year term
- Cash portion
- C$3,000,000
- Nasdaq symbol
- NUR
- Conversion price
- C$5.00 per common share
- Conversion ratio
- 0.85 common shares per preferred share
- Equity improvement
- ~C$7,600,000 reduction in liabilities and increase in shareholders' equity
- Accrued salary settled
- C$518,704
- Max potential proceeds
- C$8,500,000
- Debenture interest accrual
- C$1,594.55 per day until closing
- Expected nasdaq trading date
- 2026-08-17
- Convertible debenture settled
- C$3,862,143
- Max authorized preferred shares
- 2000000
- Other debt and payables settled
- C$219,153
AI analysis
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