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Nuran Wireless Inc (3)
Symbol NUR
Shares Issued 13,084,716
Close 2026-03-30 C$ 4.35
Market Cap C$ 56,918,515
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Nuran Wireless applies to list shares on Nasdaq

2026-03-30 17:28 ET - News Release

Mr. Francis Letourneau reports

NURAN WIRELESS FILES NASDAQ LISTING APPLICATION AND APPOINTS NAVINDRAN NAIDOO AND GERARD LOKOSSOU AS STRATEGIC ADVISORS FOR OPERATIONAL AND COMMERCIAL GROWTH

Nuran Wireless Inc. has submitted an application to list its common shares on the Nasdaq Capital Market.

In advance of the listing on Nasdaq, the company intends to file a registration statement with the U.S. Securities and Exchange Commission. The listing of the company's common shares on Nasdaq remains subject to the approval of Nasdaq and the satisfaction of all applicable listing and regulatory requirements, including the effectiveness of the registration statement. The company's common shares will continue to trade on the Canadian Securities Exchange under the symbol NUR, on the OTC Markets under the symbol NRRWF and on the Frankfurt Stock Exchange under the symbol 1RN, pending Nasdaq approval and uplisting.

Strategic advisers for operational and commercial growth

The company is also pleased to announce the appointment of Navindran Naidoo, former network executive of MTN Group and current board member of Nuran, and Gerard Lokossou, former executive at Orange and MTN, as strategic advisers to the company.

Mr. Naidoo brings over 25 years of telecommunications experience in mobile and fixed network planning and optimization, including RAN, transport and Internet protocol networks, core networks, OSS, and energy infrastructure. At MTN Group, he led the strategic evolution of network operations to deliver best-in-class customer experiences across multiple markets. He played a key role in advancing rural network rollouts across Africa by introducing alternative vendors, including Nuran and other Open RAN suppliers. He also represented MTN at the Facebook telecom infra project, facilitating lab and field trials of open-source RAN solutions tailored of Africa.

Mr. Lokossou is a senior executive and strategic adviser with nearly 30 years of leadership experience across Africa in telecommunications and other sectors, including FMCG, renewable energy and capital markets. He has held regional, group-level and executive positions with leading telecom players like MTN, Airtel Africa and Orange, among other companies.

Widely recognized for his impact on Africa's telecom sector, Mr. Lokossou has led business turnarounds, growth acceleration strategies and commercial transformations across west, central and east Africa. He brings a strong pan-African network of relationships with operators, regulators, investors and strategic partners.

Mr. Lokossou holds an engineering diploma from the National Polytechnique Institute (INP-HB) in Ivory Coast and has completed executive programs at Harvard Business School and HEC Paris.

Management commentary

"We are very excited to pursue a listing on Nasdaq, which will broaden our investor base and elevate our profile among global institutional investors. The addition of highly experienced advisers such as Mr. Naidoo and Mr. Lokossou will further support our continued growth and strategic execution in Africa," stated Francis Letourneau, chief executive officer of Nuran Wireless. "Their deep industry expertise and extensive networks across Africa are exactly what we need as we pursue this next milestone for Nuran."

About Nuran Wireless Inc.

Nuran Wireless is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. With its affordable and innovative scalable solutions of 2G, 3G and 4G technologies, Nuran Wireless offers a new possibility for more than one billion people to communicate effectively over long distances efficiently and affordably.

We seek Safe Harbor.

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