NuRAN Wireless Announces Corporate Update

• The most recent release (April 23, 2026) confirms ongoing progress in resolving the British Columbia Securities Commission (BCSC) 'Issuers in Default List' status.
• Former shareholders of Advance Factoring Inc. have entered into an undertaking to restrict sales until regulatory conditions are met or default is resolved.
• The company is preparing a material change report regarding the acquisition of Advance Factoring Inc., which was previously announced as part of the restructuring transaction.
• This update follows the April 8, 2026 private placement ($15M) and March 30, 2026 Nasdaq listing application announcement.
• Operational updates from earlier in the year (January-April) confirm tower construction in Ivory Coast and 3G deployment in Cameroon.

• The news is a procedural update on resolving regulatory default status, which was previously flagged as a critical risk to the Nasdaq listing strategy announced in March.
• While positive for compliance, it does not represent a new catalyst or unexpected upside; the market has already priced in the restructuring and financing (April 8).
• The shareholder undertaking restricts selling pressure from major stakeholders (Factor vendors), which is supportive but expected given the change of control context.
• The impact on stock price is likely neutral to slightly positive as it validates management's commitment to clearing regulatory hurdles, though the actual removal from the Default List has not yet occurred.

• NuRAN Wireless operates as a Network-as-a-Service (NaaS) provider focusing on telecommunications infrastructure in sub-Saharan Africa.
• Flagship projects include the rollout of 3G/4G sites in Ivory Coast, Cameroon, Ghana, and the Democratic Republic of the Congo (DRC).
• The company aims to connect underserved communities through mobile voice and data services, leveraging partnerships with local operators like Orange.
• Recent operational milestones include restoring seven network sites in Ghana and resuming site relocation activities in DRC.