Core Viewpoint - NuRAN Wireless Inc. has clarified and corrected its previous disclosures regarding a restructuring transaction involving the acquisition of Advance Factoring Inc., which has significant implications for the company's financial position and control structure [1]. Restructuring Transaction Details - The acquisition of Advance Factoring Inc. is classified as a restructuring transaction under National Instrument 51-102, and a material change report is being prepared to meet disclosure requirements [1]. - The total debt settlements completed amount to $6,172,629, with the company issuing 2,115,064 Units at a price of $2.89 per Unit, resulting in gross proceeds of $2,599,932 in cash subscriptions and $3,512,627 in debt settlements [1]. - The total consideration for the acquisition of the Factor was $20,802,303.09, which included the issuance of 7,198,026 Units at $2.89 per Unit [1]. Change of Control - Following the completion of the restructuring transaction, the vendors of Advance Factoring Inc. will hold 55.80% of the outstanding common shares of NuRAN, leading to a change of control within the company [1]. Regulatory Status - The British Columbia Securities Commission has indicated that the company is in default of certain continuous disclosure requirements until the material change report is filed, which may result in the company being listed on the Issuers in Default List [1]. - The company is actively working to remedy this default in compliance with applicable securities laws [1]. Company Overview - NuRAN Wireless is a leading telecommunications company focused on providing affordable and scalable wireless network solutions in rural and remote areas globally, aiming to bridge the digital divide [1].