debt
confidence high
sentiment positive
materiality 0.85
New Era Energy & Digital closes $115M equity offering, draws $20M term loan, gets $5M Macquarie equity
New ERA Energy & Digital, Inc.
- Underwriters exercised option for 4,477,611 shares at ~$5 each, total equity proceeds ~$115M as of April 14, 2026.
- Drew entire $20M Tranche A-1 from Macquarie; potential future availability of additional $270M for TCDC development.
- Issued to Macquarie warrants for 400,208 shares at $5 exercise price and sold 1,000,520 shares at ~$5/share.
- Proceeds will repay SharonAI Holdings convertible note and related liens, simplifying capital structure.
- Funds support long-lead equipment procurement and site development for Texas Critical Data Centers project.
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