Nuran Wireless Inc. announced that it has received $1.5 million in funding
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.