New Era Energy & Digital, Inc. (NUAI) has entered into an At-The-Market (ATM) Issuance Sales Agreement to offer and sell up to $100 million of its common stock. The company also disclosed a recent directive from the Texas Governor to halt permits for data center developments, which could materially impact project timelines.
Key Details
- ATM Program: The company may sell shares of common stock with an aggregate offering price of up to $100 million from time to time. Agents will receive a commission of up to 3.5% of gross proceeds.
- Use of Proceeds: Net proceeds, if any, are intended for general corporate purposes, including capital expenditures, working capital, and potential debt repayment.
- Regulatory Risk: The company disclosed that on September 21, 2026, the Texas Governor directed a halt to all data center permits pending an audit by ERCOT, which may cause significant delays to the company's development projects.