NuRAN Wireless files amended material change report correcting disclosure on Advance Factoring deal
NUR•Amended filing corrects prior disclosure
NuRAN Wireless filed an amended and restated material change report to correct disclosure inaccuracies in its June 9, 2026 report tied to its December 22, 2025 restructuring transaction.
Restructuring and Advance Factoring details
The filing reiterates that the restructuring included the issuance of 10,380,618 units at CAD 2.89 for about CAD 30 million in gross proceeds, including the acquisition of Advance Factoring as a CAD 20.8 million debt settlement.
It also restates that a separate initial tranche issued 2,115,064 units at CAD 2.89 for about CAD 6.11 million, bringing total shares outstanding to 12,905,118.
The Advance Factoring vendors received common shares representing 55.78% of outstanding voting securities, giving them the ability to materially influence control.
The report also details that 726,752,667 preferred shares issued by Advance Factoring were recorded as a CAD 7.27 million financial liability at CAD 0.01 per share, then eliminated on consolidation as an intercompany balance.
