New ERA Energy & Digital, Inc.

New Era Energy & Digital, Inc. announced a $64 million private placement of its common stock with accredited investors. The company will issue approximately 23.27 million shares at $2.75 per share. The net proceeds are earmarked for repaying existing indebtedness, including a $36 million term loan with Macquarie Equipment Capital, and for working capital and general corporate purposes. A registration rights agreement has been entered into to facilitate the resale of the shares.

New Era Energy & Digital, Inc. announced its expectation to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, after market close on Friday, August 14, 2026. Following the filing, management will host a business update conference call and webcast on Monday, August 17, 2026, at 5:00 p.m. Eastern Time. The call will focus on discussing the Company's recent business and operational progress.

New Era Energy & Digital announced its support for Texas Governor Greg Abbott's directive to strengthen oversight of data center development. The company emphasized its commitment to responsible development, focusing on supplementing Texas power, protecting water resources, and investing in local communities. New Era's approach aligns with the directive's principles, aiming to bring additional energy solutions and lasting benefits to Texas residents.

New ERA Energy & Digital, Inc. announced that its unaudited condensed consolidated financial statements for Q1 2026, filed on May 15, 2026, should no longer be relied upon and require restatement. The company identified errors in the classification of approximately $1.4 million in professional fees and in the accounting for performance stock units (PSUs), which understated their grant-date fair value of $23.5 million. Management is also evaluating the accounting for the acquisition of Texas Critical Data Centers, LLC. The combined effect of these errors may be material, and the company previously identified a material weakness in its internal control over financial reporting.

New ERA Energy & Digital, Inc., through its subsidiary Texas Critical Data Centers LLC, entered into a Waiver and Consent Letter with Macquarie Equipment Capital Inc. on July 17, 2026. This agreement waives certain requirements under their existing Term Loan Agreement. Specifically, it extends the deadline for the company to establish an "at-the-market" program with an aggregate offering price of at least $100 million.

New Era Energy & Digital announced that the U.S. Bankruptcy Court approved its previously disclosed $1.0 million settlement with the United States Trustee for the bankruptcy estates of Acacia Resources, LLC and Acacia Operating Company, LLC. This settlement resolves all trustee-controlled claims in the State of New Mexico's lawsuit against the company. Of the total, $350,000 will go to the State of New Mexico and $650,000 to the Trustee. The company denies liability, and while the settlement dismisses five claims against the company, three claims against E. Will Gray II in his individual capacity remain.

New ERA Energy & Digital, Inc. announced several key management changes, effective July 1, 2026. Charles Nelson, previously President and COO, has been appointed Chairman of the Board and Chief Executive Officer. Ted Warner was appointed President and Director, while continuing his role as Chief Financial Officer. Additionally, José Rodriguez was appointed Chief Operating Officer, bringing experience from Microsoft and ByteDance/TikTok.

New ERA Energy & Digital, Inc. announced the appointment of Darin Rovell as its Chief Accounting Officer, effective June 22, 2026. Mr. Rovell brings extensive experience from HF Sinclair Corporation and At Home Group Inc., and is a Certified Public Accountant. His compensation package includes an annual base salary of $350,000, a target annual bonus of up to 40% of his base salary, a $30,000 signing bonus, and a grant of 325,000 restricted stock units. The employment agreement also outlines severance provisions and restrictive covenants.

New Era Energy & Digital, Inc. announced the appointments of Evan Pierce as Chief Development Officer and Michael Johnson as General Counsel and Chief Compliance Officer, effective June 1, 2026. These strategic hires are intended to bolster the company's execution capabilities, leveraging their extensive experience in hyperscale data centers, power development, and legal affairs. The company aims to strengthen its leadership as it continues to advance its Texas Critical Data Centers project and broader development platform.

New Era Energy & Digital, Inc. announced its expected inclusion in the Russell 3000 Index and Russell Microcap Index, effective June 29, 2026. This inclusion is part of the 2026 Russell US Indexes annual reconstitution. Additionally, the company's management will participate in several upcoming investor and industry conferences throughout June, including the Datacloud Global Congress, Macquarie Group AI Infrastructure Conference, Maxim Group AI Data Center Virtual Summit, and Bank of America Commodity Research Conference.