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← New Era Energy & Digital
Tue, Oct 28, 2025

New Era borrows $4 million via secured shareholder promissory note

Source document ↗

Key points

  • Entered a $4.0 million secured promissory note with shareholder Joel Solis and Aventus Properties LLC on October 23, 2025
  • Loan bears interest at the lesser of 18% per annum, compounded annually, or the maximum lawful rate, and matures December 6, 2025
  • Secured by a deed of trust on real property in Odessa and Pecos, Texas
  • Separately, AirLife gave notice terminating the liquid helium offtake agreement, obligating the company to pay AirLife $2,382,255.55