NuRAN Wireless Secures US$10 Million Non-Dilutive Facility and Confirms No ATM Sales at Current Market Levels
Key Highlights
- ➤US$10 million non-convertible facility funds working capital and additional tower construction
- ➤No ATM shares sold; management will not use equity program at current prices
- ➤Facility capacity expected to support 125 additional towers toward positive operating cash flow
- ➤US$10 million facility available through January 1, 2028, subject to funding conditions
- ➤Separate proposed US$2 million Cygnum-managed financing expected shortly
Expert Statements
Francis Létourneau, President and Chief Executive Officer of NuRAN Wireless
“We have heard shareholders' concerns about dilution. We have not sold a single share through the ATM, and we are not using it at current prices. In our view, today's share price does not adequately reflect the towers we have deployed, the economics of our sites or the contracted opportunity ahead of us. Our priority is to finance the build-out of revenue-generating infrastructure on terms that make sense for NuRAN and its shareholders-not issue equity at prices we believe fail to reflect the value of the business,”
Francis Létourneau, President and Chief Executive Officer of NuRAN Wireless
“This US$10 million facility gives us a non-equity funding alternative to support that approach. It carries no conversion rights, warrants or other equity-linked features. Our focus remains on putting capital to work in additional towers, expanding recurring revenue and advancing toward positive cash flow from operations. Based on our current deployment plan and cash-flow forecast, we expect the facility capacity, together with operating cash flows and other available funding sources, to provide the runway to build the 125 additional towers we believe are required to achieve, at a minimum, positive cash flow from operations.”
QUÉBEC, CANADA / ACCESS Newswire / October 29, 2026 / NuRAN Wireless Inc. (Nasdaq:NUR) (link)(FSE:1RN) (link) ("NuRAN" or the "Company") today announced that it has entered into a definitive US$10 million non-convertible revolving credit facility with a lender representing a supporting shareholder group (the "Lender"). The facility (the "US$10 million Facility") is intended to fund working capital and additional telecommunications tower construction.
NuRAN is also confirming that to date no common shares have been sold under the Company's at-the-market equity program (the "ATM") since the program was announced on September 15, 2026. With this non-equity funding alternative in place, NuRAN has elected not to use its ATM facility at current market prices. Management has no current intention of directing sales under the program. Management believes the current share price does not adequately reflect the underlying value of the Company's deployed tower base, site-level economics and contracted growth opportunity.
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