New Era Energy & Digital Announces $64 Million Private Placement of Common Stock
Key Highlights
- ➤$64 million PIPE expected to close October 30, 2026
- ➤New Era (NUAI) will issue 23,272,727 shares at $2.75 each
- ➤Proceeds target Macquarie borrowings repayment, working capital and corporate purposes
- ➤Leasing negotiations cover 757 MW across Texas Critical Data Centers Phases 1 and 2
- ➤Phase 1 secured up to 207 MW under a 20-year power purchase agreement
Expert Statements
Charlie Nelson, Chairman and Chief Executive Officer of New Era Energy & Digital
“We executed this capital raise in order to strengthen our financial position in a challenging market and meet our near-term financing needs, allowing us to advance leasing negotiations for 757 MW across Phases 1 and 2 at Texas Critical Data Centers (“TCDC”).”
Charlie Nelson, Chairman and Chief Executive Officer of New Era Energy & Digital
“We have key permits in hand, Phase 1 power secured and fully funded, and a highly experienced in-house development and operations team executing on key priorities.”
Charlie Nelson, Chairman and Chief Executive Officer of New Era Energy & Digital
“Following closing, we will have a strong net cash position, alongside the existing up to $200 million post-lease financing option under our Macquarie facility.”
Charlie Nelson, Chairman and Chief Executive Officer of New Era Energy & Digital
“Our near-term priority is to turn these advantages into long-term leases and enduring shareholder value.”
MIDLAND, Texas, Oct. 29, 2026 (GLOBE NEWSWIRE) -- New Era Energy & Digital, Inc. (Nasdaq: NUAI) (“New Era” or the “Company”), a developer of next-generation digital infrastructure and integrated power assets, today announced it has entered into a securities purchase agreement for a private investment in public equity financing (the “PIPE”) that is expected to result in gross proceeds of approximately $64 million. The PIPE is expected to close on October 30, 2026, subject to the satisfaction of customary closing conditions.
Pursuant to the terms of the securities purchase agreement, at the closing of the PIPE, New Era will issue an aggregate of 23,272,727 shares of common stock at a price of $2.75 per share.
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