Mon, Apr 27, 2026
New Era prepays $50 million SharonAI convertible note in full
Key points
- Paid $50 million principal plus accrued interest in cash on April 24, 2026, satisfying the SharonAI senior secured convertible promissory note
- Followed the previously announced irrevocable prepayment election delivered to SharonAI on April 10, 2026; SharonAI did not elect to convert any portion
- Company has no remaining payment obligations with respect to its completed acquisition of Texas Critical Data Centers LLC from SharonAI