On April 24, 2023, Nuran Wireless Inc. closed the transaction. The company received $1,500,000 total gross proceeds in the transaction. The company received $1,100,000 in its second and final tranche closing. The company has also agreed to issue to the Lender 2,000,000 share purchase warrants with each warrant exercisable to acquire a share of the company at an exercise price of $0.40 for a period of two years from the closing date. Any securities issuable upon exercise of these warrants will be subject to a statutory hold period of four months and one day from the closing date.

On December 4, 2023, the company announced that it has extended the bridge loan, now the loan will mature on October 21, 2024. The company has agreed to increase the principal amount on the loan by 10% as an extension fee and issue the lender 5,000,000 share purchase warrants to replace the existing warrants held by the lender, with each warrant exercisable to acquire a share of the company at an exercise price of $0.25 for a period of two years. Company has agreed to add a conversion feature to the loan, at $0.225 per common shares of the Company. Any securities issuable upon exercise of these warrants or conversion of the loan will be subject to a statutory hold period of four months and one day.