other material
confidence high
sentiment neutral
materiality 0.50
New Era Helium amends equity facility, removes floor price prohibition; defers principal with 2% fee
New ERA Energy & Digital, Inc.
- Second A&R EPFA removes prohibition on selling shares below Floor Price; consent required if price below 120% of Floor Price.
- Amended Notes allow deferral of principal due May-July 2025 to maturity in exchange for 2% monthly deferral fee.
- Deferral fee payable 50% cash, 50% added to principal; failure to pay interest or fee constitutes event of default.
- Total commitment amount remains $75M; pre-paid advances of $10M unchanged.