NuRAN Wireless Updates on Restructuring and Corrects Disclosure Errors

NuRAN Wireless Inc., based in Quebec, announced clarifications and corrections regarding its restructuring transaction. This follows their December 23, 2025 press release about the acquisition of Advance Factoring Inc. The move is part of a broader strategy to restructure the company's financial position. Significant changes include debt settlements totaling $6,172,629 and the issuance of 2,115,064 Units at $2.89 per Unit, raising approximately $2.6 million in cash and settling over $3.5 million in debt.

The acquisition of the Factor, which holds financial claims against NuRAN, was valued at $20,802,303.09. This transaction was designed to effectively settle debt through a legal, tax-efficient mechanism, resulting in administrative efficiency and a 23% discount on owed amounts. Post-acquisition, the Factor's vendors now own 55.80% of NuRAN's common shares, marking a shift in control.

The company expects to appear on the British Columbia Securities Commission's Issuers in Default List due to pending disclosures but intends to address the issues promptly.