Mr. Francis Letourneau reports

NURAN WIRELESS RECEIVES NASDAQ APPROVAL TO LIST ON THE NASDAQ CAPITAL MARKET; TRADING EXPECTED TO COMMENCE AUGUST 17, 2026 AND C$7.6 MILLION FINANCING TO CLOSE AUGUST 14, 2026

Nuran Wireless Inc. has received an approval letter from The Nasdaq Stock Market LLC confirming that Nasdaq has approved the company's application to list its common shares on the Nasdaq Capital Market. Nasdaq has reserved the trading symbol NUR for the company's common shares and the anticipated date of initial trading on Nasdaq is Monday, Aug. 17, 2026.

Certain administrative items remain to be completed prior to the first day of trading, including payment of the balance of the Nasdaq entry fee and the filing of the Nasdaq certification. The commencement of trading on Nasdaq remains subject to the completion of those items and to the company continuing to satisfy all applicable Nasdaq listing requirements. No assurance can be provided that trading will commence on Aug. 17, 2026, or at all.

Management commentary

"This is a defining moment for Nuran," said Francis Letourneau, director and chief executive officer of Nuran Wireless. "Listing on Nasdaq opens our story to the deepest capital market in the world and to investors who understand that connecting underserved communities across Africa is both a profound social imperative and a compelling commercial opportunity. We have built a real operating business, met rigorous Canadian disclosure standards and reached a major regulatory milestone on the path to a U.S. listing. I want to thank our shareholders, our partners and our team for their patience and their conviction."

Closing of the $7.6-million financing

Further to the company's news releases dated Aug. 4, 2026, and Aug. 6, 2026, the completion of the company's $7.6-million private placement of Series A convertible preferred shares was conditional upon the company having received confirmation from Nasdaq that its common shares had been approved for listing and would commence trading on Nasdaq. That condition was for the exclusive benefit of the lead institutional investor in the financing.

Following receipt of the Nasdaq approval letter, the lead investor has confirmed that the condition is satisfied, and has, to the extent required, waived that condition and the requirement that trading on Nasdaq have commenced prior to closing. The lead investor has also waived, on behalf of all holders of Series A convertible preferred shares, any event of default under the terms of those shares arising from trading on Nasdaq commencing after Aug. 14, 2026.

Accordingly, the company expects to complete the financing on Friday, Aug. 14, 2026, prior to the commencement of trading on Nasdaq. The company will issue a further news release upon closing.

About Nuran Wireless Inc.

Nuran Wireless is a fast-growing, mission-driven rural telecommunications company dedicated to delivering affordable 2G, 3G and 4G wireless connectivity to remote and underserved communities worldwide. Through its scalable network-as-a-service (NaaS) model, Nuran has deployed networks serving more than one billion people who lack reliable connectivity, driving economic development, digital inclusion and social transformation across Africa and beyond.

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