ACCESS Newswire·Sep 15, 2026, 8:05 AM ET

NuRAN Wireless Announces US ATM Offering

NuRAN Wireless Inc. entered an At-The-Market (ATM) offering agreement with H.C. Wainwright & Co., LLC on September 15, 2026, to sell up to US$50,000,000 in common shares.
The ATM Offering involves the sale of common shares directly on or through Nasdaq at prevailing market prices, with no sales planned on the Canadian Securities Exchange.
Wainwright will receive a cash commission of 3.0% on the aggregate gross proceeds raised from the offering.
The company intends to use net proceeds principally to fund the construction & commissioning of additional telecommunications infrastructure sites, support operating expenditures for deployment programs, & cover working capital & general corporate purposes.
The offering is conducted in the United States pursuant to a registration statement on Form F-10 filed with the SEC, which was declared effective on August 26, 2026.
NuRAN operates as a rural telecommunications infrastructure provider in Africa, currently managing over 5,000 sites under contract & operates a wholly owned subsidiary, NuEnergy, focused on solar, storage, & hybrid power systems.
The press release includes forward-looking statements regarding the timing of sales & use of proceeds, subject to risks including financing availability, regulatory changes, & operational challenges in African markets.