NuRAN Wireless files amended material change report correcting disclosure on Advance Factoring deal

Bitget2026/09/18 21:25

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NuRAN Wireless filed an amended and restated material change report to correct disclosure inaccuracies in its June 9, 2026 report tied to its December 22, 2025 restructuring transaction.
The filing reiterates that the restructuring included the issuance of 10,380,618 units at CAD 2.89 for about CAD 30 million in gross proceeds, including the acquisition of Advance Factoring as a CAD 20.8 million debt settlement.
It also restates that a separate initial tranche issued 2,115,064 units at CAD 2.89 for about CAD 6.11 million, bringing total shares outstanding to 12,905,118.
The Advance Factoring vendors received common shares representing 55.78% of outstanding voting securities, giving them the ability to materially influence control.
The report also details that 726,752,667 preferred shares issued by Advance Factoring were recorded as a CAD 7.27 million financial liability at CAD 0.01 per share, then eliminated on consolidation as an intercompany balance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nuran Wireless Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001753926-26-001836), on September 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NuRAN Wireless files amended material change report correcting disclosure on Advance Factoring deal

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