Mon, Oct 20, 2025
New Era Energy & Digital terminates $1.0 billion equity purchase facility
Key points
- Company gave notice on October 16, 2025 to terminate its Fourth Amended and Restated Equity Purchase Facility Agreement, effective October 24, 2025
- The facility gave the company the right, not the obligation, to sell up to $1.0 billion of common stock to the investor
- The company states it is sufficiently capitalized at present and does not expect to sell any additional shares to the investor
- No termination penalties are incurred as a result of the termination