Winnipeg, Manitoba — February 11, 2026 — Leads & Copy — Novra Technologies Inc. (TSXV: NVI) has announced it received an additional US $3.2 million (CAD $4.4 million) from SNAPS Holding Company (SNAPS) under the same terms as the convertible loan agreement announced September 10, 2024. The original loan expired on December 15, 2025.
With the initial tranche of US $500,000 received in June 2025, Novra has received a total of US $3.7 million (CAD $5.0 million) from SNAPS to date. SNAPS has requested these funds be converted to Novra common shares at CAD $0.34 per share.
Conversion of US $3.7 million, based on the current exchange rate, would result in SNAPS receiving approximately 14.9 million Novra shares, representing more than 20% of Novra’s outstanding shares. This would make SNAPS a new Novra Insider and Control Entity, and the transaction will require TSXV and shareholder approval.
Novra also announced a new non-brokered binding convertible loan agreement with SNAPS for US $5.3 million (CAD $7.2 million) under similar terms as the original loan. The new loan agreement has a term of two years from the date funds are received and incurs interest at 1% per annum. All funds must be received by September 30, 2026.
The principal can be converted by either party at any time to Novra common shares with a minimum price of CAD $0.34 and not less than the Market Price as of the Price Reservation Date once funds are received. Any share conversion will require TSXV approval and may also require shareholder approval.
Novra cautions investors against placing undue reliance on forward-looking statements regarding the new agreement and can provide no assurance that the new loan will be completed as proposed, although SNAPS continues to demonstrate a commitment to Novra by providing these additional funds.
Novra’s Directors and Officers, as insiders, are currently subject to a trading blackout, which will continue for an additional one-week period after an update announcing an end to the blackout, or an announcement that the new loan has closed in full, is released.
SNAPS sees Novra, with its strong M&A capabilities and ability to design, manufacture, and communicate with embedded devices, as a component in their vision to consolidate and integrate AIoT (Artificial Intelligence with Internet of Things) products and services across a range of verticals, with its $5.0 million CAD investment and agreement to provide an additional $7.2 million CAD.
SNAPS is pursuing the establishment of an AI/IoT/IIoT ecosystem built on proprietary wireless spectrum engineered, under its Lilikoi Technologies brand, for mission-critical operations and intelligent asset management. SNAPS aims to unify sensors, connectivity, edge devices, wireless transport, and cloud-based applications into a vertically integrated platform.
The company’s goal is to become a major global provider of full-stack AI infrastructure and ecosystem anchored by an exclusive wireless network. It enables real-time, mission-critical data transport from source to AI engine, powering targeted analytics and orchestration across agriculture, manufacturing, aviation, utilities, smart infrastructure, mission-critical communications, and more industries through strategic acquisitions after the conversion of shares into Novra.
SNAPS reports it currently serves marquee clients across six major verticals and operates EBITDA-positive with a 950-member workforce, supported by global supply-chain capabilities and proven engineering execution. SNAPS also stated the wireless backbone enables autonomous asset behavior, real-time decisioning, and high-fidelity data visibility.
Novra is described as a long-established engineering and communications enterprise with a strong technical foundation in IP transmission, cloud broadcasting, and secure multimedia distribution. SNAPS anticipates the transformation ahead elevates Novra into a next-generation intelligent infrastructure and AI/IoT ecosystem provider.
Novra reports its foundational capabilities will expand to serve the AI and IoT markets by integrating a proprietary AI/IoT ecosystem infrastructure, evolving from content and data transport to enabling real-time intelligence, autonomous operations, and decisioning across industries. The company’s commercial engine will be revitalized with new pricing models, refreshed distribution strategies, and a stronger enterprise-focused posture.
Novra will extend its offerings to serve six high-value industry segments, including commercial real estate, mission-critical infrastructure, manufacturing, mission-critical communications, and smart agtech, for intelligent connectivity, automation, and AI-driven insights. New licensing frameworks and SaaS-based offerings will strengthen recurring revenue streams.
The product transformation will extend the functionality of Novra’s existing solutions while unlocking new product categories. By infusing AI capabilities, IoT connectivity, and wireless infrastructure into the product suite, Novra will transition from delivering broadcast and data distribution tools to offering interoperable systems that power operations. This includes enhanced edge intelligence, real-time analytics, autonomous device orchestration, and expanded cloud-native services.
Novra Technologies Inc. (TSXV: NVI) (OTCQB: NVRVF) is an international technology provider of products, systems and services for the distribution of multimedia broadband content. The Novra Group of companies includes Novra Technologies Inc, International Datacasting Corporation, and Wegener Corporation.
The companies in the group focus on applications, including broadcast video and radio, digital cinema, digital signage, and data communications.
Source: Novra Technologies Inc.
