William H. Flores
On May 30, 2025, William H. Flores resigned as a member of the Board of Directors of New Era Helium, Inc. (the “ Company ”) with an effective date of May 30, 2025.
Highest-materiality recent filing
New Era Energy & Digital reports $80M+ cash, $290M Macquarie facility, TCDC campus progress
Completed $115M registered common stock offering and secured up to $290M project-level credit facility from Macquarie; $5M equity issued at $5.00/share.
New Era Energy prepays $50M convertible note to SharonAI, extinguishing acquisition debt
Paid $50M principal plus accrued interest in cash on April 24, 2026, satisfying the convertible promissory note.
New Era Energy appoints Andrew Casazza as Chief Corporate Officer; flags 1.4 GW project potential
Appointed Andrew Casazza as Chief Corporate Officer, effective April 28, 2026.
Stockholders approve excess share issuance for SharonAI acquisition at special meeting
23.8M shares (42.06% of outstanding) present at April 16, 2026 special meeting; quorum achieved.
Underwriters exercised option for 4,477,611 shares at ~$5 each, total equity proceeds ~$115M as of April 14, 2026.
New Era Energy & Digital prices $100M public offering of 29.85M shares at $3.35 to repay debt
Gross proceeds ~$100M from 29,850,746 shares at $3.35; net proceeds ~$93.4M after underwriting discounts.
New Era Energy postpones special meeting to Apr. 16, issues shares, prepays convertible note
Special meeting postponed to April 16, 2026 for supplemental proxy disclosure; proposals unchanged.
New Era Energy secures up to $290M term loan from Macquarie; shareholder class action filed
Term loan facility of up to $290M in four tranches with Macquarie Equipment Capital; matures April 2029.
New Era Energy & Digital announces underwritten public offering of common stock to repay debt
Offering of common stock under effective shelf registration; proceeds to repay senior secured convertible note to SharonAI, Inc.
New Era Energy issues $5M convertible promissory note to >5% shareholder
Principal $5M, interest 5% per annum, payable in common stock at maturity.
Eliminated Grow Odessa's repurchase rights on 440 acres in Texas via deed amendments, paying $1M cash and $3.35M promissory note.
New Era Energy & Digital appoints Ted Warner as CFO, effective March 16, 2026
Ted Warner named CFO; E. Will Gray II returns to CEO-only role, ending interim CFO duties.
Flagship TCDC campus in Permian Basin: 438 acres owned + 54 acres pending, targeting 1+ GW capacity via phased expansion.
Charlie Nelson named President and COO effective Jan 28, 2026; previously board member since Dec 2024.
New Era Energy & Digital updates business and risk disclosures for digital infrastructure pivot
Rebranded in July 2025 from helium exploration to digital infrastructure and data center development.
Closed acquisition of SharonAI's 50% interest in Texas Critical Data Centers for $70M: $10M cash, $10M equity, $50M convertible note.
New Era Energy acquires 50% stake in Texas Critical Data Centers, issues unregistered equity
Entered Binding Term Sheet with SharonAI, Inc. on Dec 19, 2025 to buy its 50% interest in Texas Critical Data Centers LLC.
New Era Energy & Digital to buy SharonAI's 50% stake in Texas Critical Data Centers for $70M
Acquires SharonAI's 50% interest in TCDC, a JV developing an AI Factory on 438 acres in Ector County, TX.
Annual meeting elects five directors and ratifies auditor
Five nominees elected to board: E. Will Gray, Trent Yang, Peter Lee, Ondrej Sestak, Charles Nelson (all >99% of votes cast).
Record date share count: 53,449,171 shares; quorum set at 33.4% = 17,852,023 shares.
New Era Energy & Digital JV acquires 203 acres for AI campus, expands to 438 acres
Texas Critical Data Centers (50/50 JV with Sharon AI) executed purchase agreement for ~203 acres in Ector County, TX.
New Era Energy & Digital enters land option for 3,500-acre AI data center campus in NM
Secured option on ~3,500 acres in Lea County, NM for large-scale AI data center campus.
Texas Critical Data Centers (TCDC) 50/50 JV with Sharon AI: 235 acres secured in Permian Basin, option for +203 acres; designed for 1+ GW compute capacity.
New Era Energy lends $4M secured; loses helium contract, must pay $2.38M within 5 days
Company entered a secured promissory note to lend $4,000,000 to shareholder Joel Solis and Aventus Properties LLC, maturing December 6, 2025.
New Era Energy terminates $1.0B equity purchase facility effective Oct 24, 2025
Terminated the Fourth Amended and Restated Equity Purchase Facility (EPFA) with an unnamed investor.
New Era Energy regains Nasdaq compliance; delisting appeal cancelled
Company had been out of compliance with Nasdaq Rule 5450(b)(2)(A) requiring $50M minimum market value of listed securities.
Received Nasdaq notice for MVLS below $50M threshold; hearing scheduled Oct 16, 2025.
Received notice on Sept 3, 2025 that it failed to regain compliance with Nasdaq's $50M market value of listed securities rule by Sept 2 deadline.
New Era Helium rebrands as New Era Energy & Digital, trades under NUAI starting Aug 13
Corporate name changed to New Era Energy & Digital, Inc.; new Nasdaq symbol NUAI effective August 13, 2025.
New Era Helium JV closes on 235-acre Permian Basin site for 250MW AI data center campus
TCDC, a 50/50 JV with Sharon AI, closed purchase of 235 acres in Ector County, TX on July 25, 2025.
New Era Helium amends CEO Gray employment with relocation benefits up to $30K, $3,950/mo stipend
CEO E. Will Gray II to relocate to Texas; receives up to $30,000 in relocation expenses (subject to 50% clawback if leaves within 1 year).
New Era Helium amends equity purchase facility, adds pre-market pricing period
Third A&R EPFA retains $75M commitment amount for at-the-market share sales to institutional investor.
Matheson Tri-Gas terminates helium supply agreement with New Era Helium due to plant delay
MTG terminated gaseous helium agreement effective July 2, 2025, because Pecos Slope Plant missed July 1, 2025 startup deadline.
New Era Helium appoints Trent Yang, P.J. Lee, Ondrej Sestak as board members
Appointed Trent Yang, P.J. Lee, and Ondrej Sestak as directors effective June 25, 2025, filling recent resignations.
Director William H. Flores resigns from New Era Helium board effective May 30, 2025
William H. Flores resigned as director on May 30, 2025; no disagreement cited.
Two board members resign from New Era Helium effective immediately; replacements sought
Phil Kornbluth and Stan Boroweic resigned as directors effective May 28, 2025.
New Era Helium receives two Nasdaq deficiency notices for MVPHS and minimum bid price
Received notice on May 16, 2025 for MVPHS below required $15M; 180-day cure until Nov 12, 2025.
On May 30, 2025, William H. Flores resigned as a member of the Board of Directors of New Era Helium, Inc. (the “ Company ”) with an effective date of May 30, 2025.
Also on May 28, 2025, Stan Boroweic resigned as a member of the Board of Directors of the Company with an effective date of May 28, 2025
On May 28, 2025, Phil Kornbluth resigned as a member of the Board of Directors of New Era Helium, Inc. (the “ Company ”) with an effective date of May 28, 2025
Max materiality 0.85 · Median 0.60 · Most common event other_material