Equity OfferingApr 10, 2026, 06:26 AM
New ERA Energy & Digital Prices Underwritten Public Offering of 29.85M Shares at $3.35, Raising Over $100 Million
AI Summary
New ERA Energy & Digital, Inc. (NUAI) announced the pricing of an underwritten public offering of 29,850,746 shares of its common stock. The shares were priced at $3.35 per share, resulting in gross proceeds of approximately $100 million before deducting underwriting discounts and other offering expenses. This capital raise is expected to bolster the company's financial position, providing funds for general corporate purposes, though specific uses were not detailed in this announcement. The offering was conducted pursuant to a registration statement on Form S-3, with Northland Securities, Inc. acting as the representative of the underwriters.
Key Highlights
- New ERA Energy & Digital, Inc. priced an underwritten public offering of 29,850,746 shares of common stock.
- The offering price to the public was set at $3.35 per share.
- The offering is expected to generate gross proceeds of approximately $100,000,004.10.
- Northland Securities, Inc. is serving as the representative of the several underwriters for the offering.
- The offering was made pursuant to a registration statement on Form S-3 (File No. 333-292892), which was declared effective on January 30, 2026.