Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.95
SharonAI Holdings Inc. completed a disposition involving New Era Energy & Digital Inc. (NUAI) for $70,000,000 in cash, stock and convertible note (closed 2025-12-19).
- Action
- disposition
- Counterparty
- New Era Energy & Digital Inc. (NUAI)
- Consideration
- $70,000,000 in cash, stock and convertible note
- Closing
- 2025-12-19
Exact text from the filing
and conditions, as expeditiously as possible, and no later than January 15, 2026. The consideration NUAI will pay SharonAI for the interests of TCDC will be an aggregate of $70,000,000, of which, (a) $10,000,000 will be payable in cash, with (i) $150,000 payable as a non-refundable deposit within 14 days of December 19, 2025, and (ii) $9,850,000 payable upon the
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SharonAI Holdings Inc. entered into Binding Term Sheet for Acquisition of Interest in Texas Critical Data Centers, LLC with New Era Energy & Digital Inc. valued at $70,000,000 (effective 2025-12-19).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- New Era Energy & Digital Inc.
- Value
- $70,000,000
- Effective
- 2025-12-19
Exact text from the filing
On December 19, 2025, SharonAI Inc., a subsidiary of SharonAI Inc. Holdings Inc. (“we,” “us,” the “Company” or “SharonAI”), entered into a Binding Term Sheet for Acquisition of Interest in Texas Critical Data Centers, LLC (the “Term Sheet”), setting forth the terms and conditions for SharonAI’s sale of 100% of its 50% interest in Texas Critical Data Centers LLC (“TCDC”) to New Era Energy & Digital Inc. (“NUAI”).
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