MIDLAND, Texas, April  09, 2026  (GLOBE NEWSWIRE) -- New Era Energy &amp; Digital, Inc. (&#34;New Era&#34; or the &#34;Company&#34;) (NASDAQ:NUAI) today announced the pricing of its previously announced underwritten public offering of

NUAI

New Era Energy & Digital Announces Pricing of $100 Million Public Offering of Common Stock

NUAI Raises $100 Million in Public Offering to Strengthen Balance Sheet

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>MIDLAND, Texas, April  09, 2026  (GLOBE NEWSWIRE) -- New Era Energy &amp;amp; Digital, Inc. (&amp;#34;New Era&amp;#34; or the &amp;#34;Company&amp;#34;) (NASDAQ:NUAI) today announced the pricing of its previously announced underwritten public offering of</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>New Era Energy &amp; Digital, Inc. (NUAI) has priced an underwritten public offering at $3.35 per share, aiming to raise approximately $100 million. Funds will primarily be directed towards repaying existing debt, which may enhance the company&#039;s financial health and stability.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>NUAI priced public offering at $3.35 per share.</li><li>Offering aims to raise $100 million for debt repayment.</li><li>Underwriters have a 30-day option for additional shares.</li><li>Offer expected to close on April 10, 2026.</li><li>Company focuses on digital infrastructure and power assets.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>SharonAI, Inc. (N/A)</strong>: Potential creditor of NUAI, impacted by debt repayments.</li><li><strong>Northland Capital Markets (N/A)</strong>: Lead manager of the offering, enhancing NUAI&#039;s market visibility.</li><li><strong>Texas Capital Securities (N/A)</strong>: Book-running manager, aiding in successful capital raise.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under &#039;Corporate Developments&#039; as it involves a significant capital raise to strengthen financial positioning.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The pricing of shares at $3.35 indicates strong market interest.</li><li>Debt repayment might improve future profitability metrics.</li><li>Additional shares may dilute existing holdings slightly if exercised.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>29,850,746 shares offered at $3.35 each.</li><li>Expected gross proceeds of about $100 million.</li><li>Closing anticipated on April 10, 2026.</li><li>Offering has 30-day option for underwriters on 4,477,611 shares.</li><li>Filed under effective shelf registration Form S-3.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider buying NUAI as the offering strengthens the balance sheet in the short term.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">MIDLAND, Texas, April  09, 2026  (GLOBE NEWSWIRE) -- New Era Energy &amp; Digital, Inc. ("New Era" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NUAI">NUAI</a>) today announced the pricing of its previously announced underwritten public offering of 29,850,746 shares of its common stock, par value $0.0001 per share ("Common Stock"), at a price to the public of $3.35 per share, resulting in gross proceeds to the Company of approximately $100 million, before deducting the underwriters' discount and commissions and estimated offering fees and expenses, pursuant to an effective shelf registration statement on Form S-3 (the "Registration Statement") filed with the U.S. Securities and Exchange Commission (the "SEC").</p>  <p align="justify">The Company intends to use the net proceeds it receives from the offering to repay all outstanding borrowings under a senior secured convertible promissory note payable to SharonAI, Inc. and the remainder, if any, for general corporate purposes.</p>  <p align="justify">The Company has granted the underwriters a 30-day option to purchase up to an additional 4,477,611 shares of Common Stock at the public offering price, less the underwriting discounts and commissions.</p>  <p align="justify">Northland Capital Markets is serving as lead book-running manager for the offering. Texas Capital Securities is acting as book-running manager for the offering. The offering is expected to close on April 10, 2026, subject to customary closing conditions.</p>  <p align="justify">The offering is being made only by means of a prospectus and a final prospectus supplement that meet the requirements under the Securities Act of 1933, as amended. Copies of the final prospectus supplement and accompanying base prospectus relating to the offering may be obtained from: Northland Securities, Inc., 150 South Fifth Street, Suite 3300, Minneapolis, MN, Attention: Heidi Fletcher, by telephone at (612) 851-4918 or by accessing the SEC's website at <a href="http://www.sec.gov" title="www.sec.gov">www.sec.gov</a>.</p>  <p align="justify">The offering is being conducted pursuant to the Registration Statement (File No. 333-292892), which was filed on January 23, 2026, and declared effective by the SEC on January 30, 2026, and corresponding prospectus. A preliminary prospectus supplement thereto has been filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of Common Stock or any other securities, nor shall there be any sale of such shares of Common Stock or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.</p>  <p><strong>About New Era Energy &amp; Digital, Inc.</strong></p>  <p align="justify">New Era is a developer and operator of next-generation digital infrastructure and integrated power assets.</p>  <p><strong>Contacts:</strong></p>  <p align="justify">New Era Energy &amp; Digital, Inc. Investor and Media Contact:</p>  <p align="justify">OG Advisory Group<br></br>Lincoln Tan<br></br>nuai@orangegroupadvisors.com</p>  <p><strong>Forward-Looking Statements</strong></p>  <p align="justify">This press release contains "forward-looking statements." Forward-looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "expect," "future," "intend," "plan" or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this press release relating to the offering and the use of proceeds therefrom. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, the risks contained in the "Risk Factors" section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY4Njg2NyM3NTI3MDU5IzIzMTAxNDc="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NjU2YTI2OWUtNTY1My00NmMwLWE5N2MtY2EyMzQ0ZDUzZmJmLTEzMjE2OTctMjAyNi0wNC0wOS1lbg==/tiny/New-Era-Energy-Digital-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/8c63f705-ce4d-4fa8-99b6-96de259652e1"><img src="https://ml.globenewswire.com/media/8c63f705-ce4d-4fa8-99b6-96de259652e1/small/newera-png.png" border="0" width="150" height="65" alt="Primary Logo"></img></a></p>

New Era Energy & Digital, Inc. (NUAI) has priced an underwritten public offering at $3.35 per share, aiming to raise approximately $100 million. Funds will primarily be directed towards repaying existing debt, which may enhance the company's financial health and stability.

New Era Energy & Digital Announces Pricing of $100 Million Public Offering of Common Stock

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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