secwatch.observer — SEC 8-K summary
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Issuer:     New ERA Energy & Digital, Inc. (NUAI)
CIK:        0002028336
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001104659-24-127013
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Era Helium secures up to $75M equity facility, $10M convertible notes, and $30M warrants
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- Entered $75M equity purchase facility with an institutional investor; first $7M prepaid note issued for ~$6.5M net proceeds.
- Second $3M prepaid note payable after SEC registration effectiveness; notes convertible at $10/share, floor price starting at $2.
- Issued warrants to purchase up to $30M of common stock at $10/share exercise price, $2 floor price reset every 6 months.
- Company must hold shareholder meeting within 90 days to approve share issuance above 19.99% and increase authorized shares to 250M.
- Notes are secured by all company assets; proceeds used to repay debt and for working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2028336/000110465924127013/0001104659-24-127013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2028336/000110465924127013/tm2430416d4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-127013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer