New Era Energy restates Q1 2026 financials due to expense and stock compensation errors

New ERA Energy & Digital, Inc.

Audit Committee determined Q1 2026 financials should no longer be relied upon; will file Form 10-Q/A.
Expense Classification Errors: ~$1.4M in legal/professional fees misclassified as G&A instead of deferred.
Stock-Based Compensation Errors: PSU grant-date fair value of $23.5M understated; impact not yet quantified.
Also evaluating fair value of January 2026 acquisition of remaining 50% of Texas Critical Data Centers.
Errors affect net loss, EPS, assets, liabilities, equity, and cash flow presentation; no cash impact.

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.