New Era Energy issues $5M convertible promissory note to >5% shareholder

New ERA Energy & Digital, Inc.

Principal $5M, interest 5% per annum, payable in common stock at maturity.
Maturity date: earliest of Sep 30, 2026, TCDC project facility funding, qualified equity financing, or acceleration.
Conversion price: for qualified equity financing, price per share in that financing; otherwise 30-day VWAP.
Note includes 1.02x repayment premium; unregistered issuance, registration rights 30 days post-maturity.
Holder Zachary Yi Zhou owns >5% of common stock; transaction approved by Audit Committee and Board.

item 1.01item 2.03item 3.02item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.