New Era Energy Files Q1 10-Q, Raises $115M Equity and Secures $290M Loan
New Era Energy & Digital filed its Q1 2026 Form 10-Q and will host a business update call on May 18. The company raised $115 million via equity, secured a $290 million Macquarie credit facility, acquired 54 acres boosting TCDC landholding to 492 acres, and repaid the SharonAI note.
1. Quarterly Report Filing and Business Update Call
New Era Energy & Digital filed its Q1 2026 Form 10-Q for the period ended March 31, 2026, and scheduled a business update call for May 18 at 5:00 p.m. Eastern Time to discuss its strategic, liquidity and development progress.
2. Land Acquisition and Strategic Partnerships
New Era acquired a 54-acre land corridor adjacent to its Texas Critical Data Centers campus, increasing its total TCDC landholding to 492 acres. The company also signed a non-binding LOI with Stream Data Centers to support TCDC development and strengthened its leadership with two senior executive hires while working toward its definitive JV agreement and hyperscaler lease.
3. Capital Structure Enhancement
The company completed a $115 million registered equity offering and closed a $290 million credit facility with Macquarie, which included a $5 million equity investment. It also repaid the SharonAI note and held over $80 million in cash as of April 30 to support its Phase 1 equity contribution, streamlining its capital structure.
4. TCDC Phase 1 Development Progress
Development workstreams for TCDC Phase 1 remain on track, with civil engineering, site planning, permitting, pipeline reclamation and long-lead equipment procurement underway. Upcoming milestones include site clearing, earthworks and achieving Industrial District designation to enable vertical construction.