Loan & DebtApr 27, 2026, 06:08 AM
NUAI prepays $50M convertible note, settles acquisition debt
AI Summary
New ERA Energy & Digital, Inc. (NUAI) announced the prepayment of its $50 million senior secured convertible promissory note to SharonAI, Inc. The company delivered written notice on April 10, 2026, and SharonAI did not elect to convert any portion of the note. On April 24, 2026, NUAI paid $50 million principal plus accrued interest in cash, fully satisfying its obligations under the note and for the completed acquisition of Texas Critical Data Centers LLC.
Key Highlights
- New ERA Energy & Digital, Inc. (NUAI) prepaid its $50 million senior secured convertible promissory note.
- The note was held by SharonAI, Inc.
- SharonAI did not elect to convert any portion of the Convertible Note.
- The payment of $50 million principal plus accrued interest was made in cash on April 24, 2026.
- The payment satisfies all remaining obligations related to the acquisition of Texas Critical Data Centers LLC.