secwatch.observer — SEC 8-K summary
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Issuer:     New ERA Energy & Digital, Inc. (NUAI)
CIK:        0002028336
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0001213900-25-103154
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Era Energy lends $4M secured; loses helium contract, must pay $2.38M within 5 days
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- Company entered a secured promissory note to lend $4,000,000 to shareholder Joel Solis and Aventus Properties LLC, maturing December 6, 2025.
- Loan secured by deed of trust on real property in Odessa and Pecos, Texas; interest lesser of 18% compounded annually or max non-usurious rate.
- Helium sale agreement with Air Life Gases USA terminated effective November 30, 2025; company must pay AirLife $2,382,255.55 within 5 days.
- Payment comprises $382,255.55 adjusted advance amount and $2,000,000 reimbursement of a prior advance.
- Termination ends obligation to sell 50% of helium from Pecos Slope Plant; Commencement Date had not occurred.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2028336/000121390025103154/0001213900-25-103154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2028336/000121390025103154/ea0262722-8k_newera.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-103154

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