← New Era Energy & Digital · FinancingEdit
At-the-market equity program (up to $100 million of common stock)
Sep 24, 2026 · OtherTerms of issuance
Instrument
ATM program
Principal
$100.0M
Net proceeds
Issue date
Sep 24, 2026
Maturity
Seniority
Conversion ratio
n/a
Settlement
n/a
Economic analysis
Effective annual cost
n/acalculated: coupon + capped-call cost amortized over the note's life — needs coupon, maturity, and (if hedged) capped-call cost
Interest savings vs. plain debt
n/anot shown — would require an assumed comparable straight-debt rate, which we do not fabricate
Implied option value / volatility
n/anot shown — would require an assumed volatility input, which we do not fabricate
Breakeven
n/anot shown — would require assumed reinvestment/discount-rate assumptions, which we do not fabricate
Context
Shares outstanding (as of issue date)
106,559,339
Stock price / market cap (as of issue date)
$6.9 · $0.73 mkt cap
Use of proceeds
General corporate purposes, which may include capital expenditures, working capital and paying or refinancing outstanding indebtedness.
Other financing outstanding (excl. this instrument)
Equity purchase facility (Fourth A&R EPFA) — up to $1.0 billion of common stock (terminated) ($1.00B), Secured promissory note (shareholder loan from Joel Solis) ($4.0M), Amended and restated convertible promissory note (Zachary Yi Zhou shareholder loan) ($5.0M), Underwritten public offering of common stock at $3.35/share (incl. over-allotment) ($114.9M), Senior secured convertible promissory note issued to SharonAI (prepaid in full) ($50.0M), Standby letter of credit reimbursement agreement (Macquarie Bank Limited) ($116.0M), Warrants issued to Macquarie Equipment Capital Inc. (413,055 shares), Senior secured project term loan (Texas Critical Data Centers LLC) ($290.0M), Private placement of common stock (PIPE) - 23,272,727 shares at $2.75/share ($64.0M)
— of which existing debt
$1.64B
Existing cash
n/anot tracked in the system yet
Anti-dilution adjustment terms
n/a
Related acquisition
none
Related deal
none
Related site
none
Sources
OtherNew Era launches $100 million at-the-market equity program
Sep 24, 2026