NuRAN Wireless Launches US ATM Offering

NuRAN Wireless Inc., based in Québec, has announced an at-the-market (ATM) offering agreement with H.C. Wainwright & Co. The company, a provider of rural connectivity infrastructure in Africa, may sell common shares valued at up to $50 million via NASDAQ. Wainwright will act as the sales agent, earning a 3% commission on gross proceeds.

The ATM offerings will occur under the SEC's Rule 415(a)(4) guidelines, targeting current market prices. Sales decisions, including timing and volume, will be at the management's discretion. Proceeds from these sales will support telecom infrastructure development, deployment programs, and general corporate needs.

NuRAN’s offering is registered under Form F-10, with the intention of enhancing connectivity through its network projects across Africa. The sale aligns with NuRAN's goal of extending telecommunications coverage in underserved regions.