NEW YORK, April  23, 2026  (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds investors who purchased New Era Energy &amp; Digital, Inc. (&#34;New Era&#34; or the &#34;Company&#34;) (NASDAQ:NUAI) securities to contact Lauren Molinaro of

NUAI

NUAI SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of New Era Energy & Digital, Inc. Investors - Contact Kirby McInerney LLP by June 1, 2026

NUAI faces serious allegations affecting its financial outlook

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, April  23, 2026  (GLOBE NEWSWIRE) -- Kirby McInerney LLP reminds investors who purchased New Era Energy &amp;amp; Digital, Inc. (&amp;#34;New Era&amp;#34; or the &amp;#34;Company&amp;#34;) (NASDAQ:NUAI) securities to contact Lauren Molinaro of</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>New Era Energy &amp; Digital, Inc. faces a class action lawsuit alleging securities fraud related to false statements about its permitting progress and involvement in fraudulent oil and gas schemes. This could jeopardize investor confidence and lead to significant stock price volatility in the near term.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>NUAI faces a class action for alleged securities fraud.</li><li>Lawsuit claims false reporting on permitting for Texas project.</li><li>Claims of fraudulent oil and gas operations in New Mexico.</li><li>Stock price dropped significantly following negative reports.</li><li>Investors have until June 1, 2026, to join the lawsuit.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>New Era Energy &amp; Digital, Inc. (NUAI)</strong>: Facing allegations that impact its business legitimacy and stock price.</li><li><strong>E. Will Gray II (N/A)</strong>: CEO linked to significant legal accusations affecting investor trust.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>This news fits into &#039;Legal&#039; category, as it addresses significant legal actions against NUAI that could greatly impact its valuation and investor relations.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Class action lawsuit may lead to financial liabilities for NUAI.</li><li>Regulatory scrutiny could delay or halt project developments.</li><li>Investor confidence likely to diminish following negative media coverage.</li><li>Stock price may experience further declines as legal outcomes unfold.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Lawsuit period spans November 6, 2024, to December 29, 2025.</li><li>Planned Texas data center project has not submitted a single permit.</li><li>Stock dropped 41% from $4.56 to $2.69 after allegations emerged.</li><li>Investors must act by June 1, 2026, to join as lead plaintiffs.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should consider selling NUAI stock due to heightened legal risks in the next quarter.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">NEW YORK, April  23, 2026  (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=TnF3nILwEUlkLT3CJcVDFIz7ykrMFkgNXgibHzeFgQL8w7Vd2m3wvWMfjEjuWgNyMOBDeY19Wf8aER4PZwIARJ7izQSiuiCOaLic8f9YXt8=" rel="nofollow" target="_blank">Kirby McInerney LLP</a> reminds investors who purchased New Era Energy &amp; Digital, Inc. ("New Era" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NUAI">NUAI</a>) securities to contact <a href="https://www.globenewswire.com/Tracker?data=VzSUliX35qUaMO6Z-yvBeZ5aJyvuOM1OCq9mfunCROkUmmfkWshoclx0Y1qxYkdX8P9lLqHBB--0dGOdgkVOnZnAHXTXDsaTse9nlRQhygHT_zXqW0sSO6j67FoXPeDq" rel="nofollow" target="_blank">Lauren Molinaro</a> of Kirby McInerney LLP by email at <a href="https://www.globenewswire.com/Tracker?data=z_rLGpdxF6WRC8QvAEj5QTVDvGg8PkAAH04BJLoFdNUnTn3f0wcGMt0RFYGRbH7UKNeI0V2uKl35XedeNwPxEvlkI211OXnxrh4MI0Ll5ixBoaZafWgtv9GfjkO5tqtH" rel="nofollow" target="_blank">investigations@kmllp.com</a>, or fill out the contact form below, to discuss your rights or interests in the securities fraud class action lawsuit at no cost.</p>  <p align="justify">If you suffered a loss on your New Era investments, you have until June 1, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. The lead plaintiff oversees the litigation on behalf of the class and may influence key decisions, including litigation strategy and settlement. Courts regularly appoint individual investors as lead plaintiffs, not only institutions.</p>  <p align="justify">Follow the link below for more information about the lawsuit:</p>  <p align="center">[<a href="https://www.globenewswire.com/Tracker?data=XNE7Ufba4um3qIka6ieGVp18zf8XZKdcI1mjChJ71bbgzoCaIuXp5P5u3yxll36zKvGq48pbk1iE1Q9RHcCVwY2OlV5DDTYtIgmGhjAgEOomW_u70aJB8RnjfVyceMIh40FdVtSCTv5xdvnkSTK-VeqmPHcWk3WLc-mZIIbmbui5C092ehgE19pJQSptCCCK" rel="nofollow" target="_blank"><u>CONTACT THE FIRM IF YOU SUFFERED A LOSS</u></a>]</p>  <p align="justify"><strong>What Is The Lawsuit About?</strong></p>  <p align="justify">The lawsuit has been filed on behalf of investors who purchased securities during the period of November 6, 2024 through December 29, 2025, inclusive ("the Class Period"). The lawsuit alleges that (1) the Company overstated its progress in its permitting and regulatory filings for its flagship Texas Critical Data Centers project; (2) the Company was involved in a fraudulent scheme "to pocket revenues from hundreds of oil and gas wells in New Mexico" by transferring wells among related entities and then placing liability-bearing companies into bankruptcy to avoid plugging and remediation costs; and (3) that, as a result, the Company&#39;s financial results were false and/or misleading.</p>  <p align="justify">On December 12, 2025, market research media outlet Fuzzy Panda Research published a report (the "FP Report"). The FP Report alleges, among other things, that "of NUAI's 406 gas wells, 346 were acquired from companies that went bankrupt operating the very same wells, including 87 wells from the company E. Will Gray II was CEO of and bankrupted himself, Remnant Oil." The FP Report states it "uncovered that Gray's playbook includes financial tricks to enrich insiders, like converting related party loans to equity or paying fees to friends and family." The FP Report further calls the Company's pivot to fueling AI companies a "fantasy." The FP Report alleges that, among other things, that despite the Company "telling investors it's made significant progress" with its regulatory permitting, including the submission of air quality permits, "no applications have even been submitted." The FP states that according to "Texas, New Mexico and Federal government databases for the construction and environmental permits that NUAI will need to start building its data centers and power plants" the Company had not submitted any of its required permits, "not even an application." On this news, the price of New Era shares declined by $0.25 per share, or approximately 7%, from $3.60 per share on December 11, 2025 to close at $3.35 on December 12, 2025.<br></br><br></br>On December 29, 2025, a research firm named Hunterbrook Media reported that the New Mexico Attorney General filed a lawsuit against New Era, its subsidiary Solis Partners, LLC, and Gray, among others, (the "HBM Report"). The HBM Report publicized that New Mexico had recently filed a complaint alleging New Era, Gray, and a network of affiliated companies, had orchestrated a "fraudulent oil-and-gas scheme" to "siphon revenue from wells that produce fossil fuels while abandoning environmental cleanup obligations." The HBM Report details how the complaint "alleges a broader pattern of fraudulent transfers, self-dealing, and false statements to regulators, including the use of shell entities and strategic bankruptcies to evade responsibility." According to the HBM Report, the scheme reportedly involved the Company, Gray, and a network of affiliated companies transferring wells among related entities, including New Era and its subsidiary, Solis Partners "selling" wells to themselves, and then placing liability bearing companies into bankruptcy to avoid plugging and remediation costs. Reportedly, New Era was core to the scheme, in part by receiving and operating the most valuable gas wells, 87 in total, which were transferred from Acacia to Solis Partners, while leaving Acacia with the bulk of plugging and remediation liabilities. That transfer reportedly occurred in July 2021. According to the complaint, the defendants, including New Era, thus subsequently "received significant revenue (possibly into the millions of dollars) that they knew would otherwise be required to address" plugging and remediation costs. On this news, the price of New Era shares declined by $1.87 per share, or approximately 41%, from $4.56 per share on December 26, 2025 to close at $2.69 on December 29, 2025.</p>  <p align="center">[<a href="https://www.globenewswire.com/Tracker?data=eriNDC_o-zmikFNGcA1dImczJnIddww8S1xmMqpx2YGApub0v4kUqB6ykvgCLtty5G7KdXpuwfYVNd9LUv3B-GAunOSaaMOj7yVq73JOmcwG2VHOI6Ow6QQNcLFI6G3QPL5c-nBoOXtVKdwwRcFq9KTjatJ2CJUAvlLUr8DNfhI2_YGyjZg8YEolGNwh5pDA" rel="nofollow" target="_blank">CLICK HERE TO LEARN MORE ABOUT THE CLASS ACTION</a>]</p>  <p align="justify"><strong>What Should I Do?</strong></p>  <p align="justify">If you purchased or otherwise acquired New Era securities, have information, or would like to learn more about this investigation, please contact <a href="https://www.globenewswire.com/Tracker?data=VzSUliX35qUaMO6Z-yvBeeXzqGWNB5P6Nmymw9dRbhBAevdyFOjqT0_7IwB9OrAsfQ8nHLUDQeWng0iYW1gj8ue4ubtYK83exvN8qhiopFYQy7v6jX8SuRBOp8OL9CbF" rel="nofollow" target="_blank">Lauren Molinaro</a> of<a href="https://www.globenewswire.com/Tracker?data=bOrAiPFdwclp-fs-7U0uNsiDxn8GoSAJZ2lXka_w7Oow6aLK3d41-VfnDtHj5t-SVTKR-kFo_M7AY7jE0qrN-GaeJFbyOZ_WbIqCbe3eJqM=" rel="nofollow" target="_blank"> Kirby McInerney LLP</a> by email at <a href="https://www.globenewswire.com/Tracker?data=z_rLGpdxF6WRC8QvAEj5QTVDvGg8PkAAH04BJLoFdNV3duWL3MU24OsTu3XsYmgPVSycqqh18P5VvwmH1q3EQAs4t0WpmUMUfOJR_6IsRqU4ymutQWdwHdKGKn5nz6Jd" rel="nofollow" target="_blank">investigations@kmllp.com</a>, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.</p>  <p align="center"><a href="https://www.globenewswire.com/Tracker?data=rBno_uD5XvNrNvFqda18hiNWG292CPzdC0_yNsYFv1XLhmu6dtfGTfszFn75V8OQChwXR1XNy6IF-EFgm_fdAWmPlXISVRl04QKkVXPU3wZwt4wi7jChRBZYYc_ROKSc" rel="nofollow" target="_blank">[HOW CAN I PROTECT MY RIGHTS?]</a></p>  <p align="justify"><a href="https://www.globenewswire.com/Tracker?data=TnF3nILwEUlkLT3CJcVDFIz7ykrMFkgNXgibHzeFgQJV6NZq2IheIgLIjPgoA4RF3jHj1AAyuGbLarkfOkJpiAAGX0TsZuHgrgzUW9oe74U=" rel="nofollow" target="_blank">Kirby McInerney LLP</a> is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's <a href="https://www.globenewswire.com/Tracker?data=4SJ9LqFgg90YthDILp0w-ti5Tp8bHjx6mAqBNufw4mnFkuDArPcUwJkcQXxjT3hk7ZvNN9EY8u2QkEH7-kSgMA==" rel="nofollow" target="_blank">website</a>.</p>  <p align="justify">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.</p>  <p align="justify">Contacts<br></br>Kirby McInerney LLP <br></br>Lauren Molinaro, Esq.<br></br>212-699-1171<br></br><a href="https://www.globenewswire.com/Tracker?data=HwhdzSL3T6Pb4NN02mJL30No1g39I7xZ36VbGDiV1xS3sqg95vU2_UDX5EjKUumsywCMbf-DcY4Cm1mCR5WvTNBGl-JNJW7988DzcqaZxyU=" rel="nofollow" target="_blank">https://www.kmllp.com</a><br></br><a href="https://www.globenewswire.com/Tracker?data=HwhdzSL3T6Pb4NN02mJL34BGOxwPtUDutMrmawirG8vm0PE-eVuozH1gm45jNuEKOXYq6ezG-xxwG_6gs499exQStnRQglsF0RV_bk9gW3DYP81XNE1q9T6pLWC1zfFD1G3Rirb7cKNww398yH_ucA==" rel="nofollow" target="_blank">https://securitiesleadplaintiff.com/</a><br></br><a href="https://www.globenewswire.com/Tracker?data=z_rLGpdxF6WRC8QvAEj5QTVDvGg8PkAAH04BJLoFdNWUaLxkqcXhRDLztf_SGQbr1hwqqb8Hw2Q5JYxlXorJs-Wop8_GQw5W-o4n3mhwIyuAMmftmYIMOljUOS5_aRwk" rel="nofollow" target="_blank">investigations@kmllp.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY5NjI1NyM3NTUzNjY4IzIwMjA2Njk="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/Yjg2YWM5Y2MtNzBkYy00OTBhLWIxYjAtMTM0YWJjMzU1MTk3LTEwMzE5OTctMjAyNi0wNC0yNC1lbg==/tiny/Kirby-McInerney-LLP.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/192da1d1-643f-4eee-b850-dde5b9f2b00f"><img src="https://ml.globenewswire.com/media/192da1d1-643f-4eee-b850-dde5b9f2b00f/small/linkedin-logo-300x300-png.png" border="0" width="147" height="147" alt="Primary Logo"></img></a></p>

New Era Energy & Digital, Inc. faces a class action lawsuit alleging securities fraud related to false statements about its permitting progress and involvement in fraudulent oil and gas schemes. This could jeopardize investor confidence and lead to significant stock price volatility in the near term.

NUAI SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of New Era Energy & Digital, Inc. Investors - Contact Kirby McInerney LLP by June 1, 2026

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Legal

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