NuRAN Announces Intention to Close the Restructuring Transaction and Additional Debt Settlements

Executive Summary

• NuRAN Wireless intends to close its previously announced $30 M restructuring financing on December 23, 2025.
• The company is also seeking up to an additional $5.5 M of unit subscriptions and up to $5.5 M of debt settlements (total potential $11 M) to fund working capital and settle existing obligations.
• Commitments to date include $1.5 M in cash subscriptions and $2.5 M in debt‑settlement conversions; closing of these amounts may occur concurrently with or after the primary restructuring close.

Key Details

• Primary Restructuring Transaction: issuance of $30,000,000 aggregate Units at the Issue Price disclosed in the Dec 5, 2025 press release.
• Additional Capital Raise: up to $5,500,000 of new Unit subscriptions plus up to $5,500,000 of debt settlements (total potential $11,000,000).
• Current Commitments:
• $1,500,000 cash subscription commitments received.
• $2,500,000 of existing debt and service provider obligations agreed to be settled into Units at the same Issue Price.
• Use of Proceeds (as described in Dec 5 release): provide additional working capital and settle up to $11 M of outstanding debts owed to creditors and service providers.
• Closing Timeline: primary restructuring close scheduled for December 23, 2025; additional amounts may close concurrently or subsequently under identical terms.

Notable Quotes

(No direct quotes were provided in the release.)