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← New Era Energy & Digital
Thu, Sep 24, 2026

New Era launches $100 million at-the-market equity program

Source document ↗

Key points

  • New Era Energy & Digital entered into an at-the-market issuance sales agreement on September 24, 2026, allowing it to sell up to $100 million of common stock from time to time.
  • The agents are Mizuho Securities USA, B. Riley Securities, Northland Securities, Texas Capital Securities, BTIG and Roth Capital Partners, earning a commission of up to 3.5% of gross proceeds.
  • Shares will be issued off the company's existing Form S-3 shelf (File No. 333-292892), with a prospectus supplement dated the same day.
  • The company is not obligated to sell any shares; proceeds would fund general corporate purposes, capital expenditures, working capital and repaying or refinancing debt.
  • In a related Item 8.01 disclosure, the company said it is negotiating directly with multiple potential tenants, including one of the world's largest consumers of AI infrastructure as a possible anchor tenant for its flagship project, with nothing binding agreed.
  • It also flagged that Governor Greg Abbott's September 21, 2026 directive halting Texas data center permits pending the ERCOT audit could delay permits needed for TCDC and other projects.