New Era Energy & Digital to Raise $100 Million via 29.85M-Share Offering at $3.35
New Era Energy & Digital priced a 29.85 million-share public offering at $3.35 per share, raising approximately $100 million gross. Proceeds will repay a senior secured convertible promissory note to SharonAI, Inc., with any remainder funding general corporate purposes.
1. Public Offering Details
New Era Energy & Digital priced 29,850,746 shares of common stock at $3.35 per share, generating approximately $100 million in gross proceeds. The company granted underwriters a 30-day option to purchase up to 4,477,611 additional shares at the same price.
2. Use of Proceeds
Net proceeds will fully repay outstanding borrowings under a senior secured convertible promissory note payable to SharonAI, Inc., with any remaining funds allocated for general corporate purposes.
3. Underwriters and Closing
Northland Capital Markets and Texas Capital Securities are serving as book-running managers, and the offering is expected to close on April 10, 2026, subject to customary closing conditions.