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NuRAN Wireless Inc. (OTC:NRRWF) Undergoes Reverse Stock Split
Financial Modeling Prep· 2025-12-09 22:05
Core Insights - NuRAN Wireless Inc. is focused on providing affordable connectivity solutions in underserved regions [1][3] - The company underwent a reverse stock split at a ratio of 300 for 1, effective December 9, 2025 [1][2] - The reverse stock split reduced the number of outstanding shares to approximately 409,435 [2] - The stock price has fluctuated significantly, reaching a high of $23.19 and a low of $0.02 over the past year, currently priced at $4.29 [3] - The market capitalization of NuRAN is approximately $136.1 million, with a trading volume of 20,000 shares [3] - The consolidation of shares aims to meet regulatory requirements for listing on major U.S. exchanges like NASDAQ or NYSE [3] - All open orders were canceled at the close of business on December 8, 2025, requiring dealers to re-enter orders post-consolidation [3]