New Era Energy addresses Nasdaq MVLS deficiency; raised $13.8M, extinguished convertible debt, hearing Oct 16

New ERA Energy & Digital, Inc.

Received Nasdaq notice for MVLS below $50M threshold; hearing scheduled Oct 16, 2025.
Since June 30, sold 17.3M shares for $13.8M under equity purchase facility.
Convertible note holder converted $6.1M into 6.1M shares; remaining $2.6M repaid Oct 1, lien released.
Company believes it now satisfies Nasdaq Global Market Stockholders' Equity Requirement.
Note: equity determination is preliminary, unaudited, subject to change.

item 8.01

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