secwatch.observer — SEC 8-K summary
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Issuer:     New ERA Energy & Digital, Inc. (NUAI)
CIK:        0002028336
Form:       8-K
Filed at:   2025-02-21T23:59:59+00:00
Accession:  0001104659-25-016194
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Era Helium amends equity purchase facility; floor price set at $0.7176 per share
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- Entered amended EPFA with institutional investor, replacing Dec 2024 agreement; maintains up to $75M common stock purchase capacity.
- Purchase price set at 95% of market price; floor price currently $0.7176, resets downward every 6 months starting July 15, 2025.
- Advance proceeds during 30 days before promissory note payments must first offset note payments (interest, premiums, principal).
- Company may not submit advance notice if market price below 120% of floor price without investor consent.
- Promissory notes of $10M outstanding; default restricts advances without investor consent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2028336/000110465925016194/0001104659-25-016194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2028336/000110465925016194/tm257315d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-016194

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