New Era Energy & Digital prices $100 million stock offering at $3.35 per share

New Era Energy & Digital Inc. (NASDAQ: NUAI) announced the pricing of its public offering of 29,850,746 shares of common stock at $3.35 per share, generating gross proceeds of approximately $100 million before underwriting fees and expenses.

The company plans to use net proceeds to repay outstanding borrowings under a senior secured convertible promissory note payable to SharonAI Inc., with any remaining funds allocated for general corporate purposes.

New Era has granted underwriters a 30-day option to purchase up to 4,477,611 additional shares at the public offering price, minus underwriting discounts and commissions. The offering is expected to close on April 10, 2026, subject to customary closing conditions.

Northland Capital Markets serves as lead book-running manager for the offering, while Texas Capital Securities acts as book-running manager. The offering is conducted under an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission.

The Midland, Texas-based company describes itself as a developer and operator of digital infrastructure and integrated power assets. The offering is being made through a prospectus and final prospectus supplement meeting Securities Act of 1933 requirements.

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