NuRAN Wireless Concludes Restructuring Transaction and Initiates Additional Debt Settlements

NuRAN Wireless Inc., a prominent provider of mobile and broadband wireless infrastructure, has finalized its Restructuring Transaction. This includes issuing 10,380,618 Units priced at $2.89 per Unit, integrating cash subscriptions, debt settlements, and an acquisition deal valued at over $20 million. The company has also initiated an initial tranche involving 2,124,580 additional Units, aiming to finalize before the fiscal year ends.

Furthermore, Joseph Labkowski joins NuRAN as a director, bringing extensive experience in strategy and operations from his executive role at the Chabad Jewish Center of Cape Coral. His expertise in stakeholder management and governance is expected to enrich the company's leadership team.