secwatch.observer — SEC 8-K summary
======================================

Issuer:     New ERA Energy & Digital, Inc. (NUAI)
CIK:        0002028336
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0001104659-25-004896
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Era Helium finalizes 50/50 JV with Sharon AI for 250MW net-zero data center; issues $3M convertible note
--------------------------------------------------------------------------------

- Finalized 50/50 JV with Sharon AI to form Texas Critical Data Centers LLC for a 250MW net-zero energy data center in Permian Basin; each contributed $75,000.
- Negotiating long-term gas supply agreement with TCDC; expects fixed price for 5 years plus three 5-year options (up to 20 years) within 30 days.
- Final site selection expected Q1 2025; pursuing 45Q tax credits for carbon capture and storage.
- Issued $3.0M senior secured convertible note on Jan 16, 2025 (net $2.79M after 7% OID); 10% interest, 15-month term, convertible at $10/share.
- Conversion price subject to dilution adjustments and floor price reset to 20% of VWAP every 6 months starting July 15, 2025; 4.99% beneficial ownership cap.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2028336/000110465925004896/0001104659-25-004896-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2028336/000110465925004896/tm253803d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-004896

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