New Era Energy & Digital enters $100 million at-the-market equity distribution agreement
NUAI•New Era Energy & Digital entered an agreement to sell up to $100 million of common stock through a bank-led syndicate, with proceeds designated for general corporate purposes.
1. Equity sales agreement
The company may sell shares from time to time under its instructions on price, timing and size. Agent commissions may reach 3.5% of gross proceeds per sale, and the company may reimburse certain legal costs.
2. Use of proceeds
Proceeds are earmarked for general corporate purposes, including capital spending, working capital, debt repayment or refinancing.
