New Era Energy & Digital

NUAI-🇺🇸 USA

Estimated total debt principal$359.0Mfacilities drawn: $20.0M of $290.0M

Trailing 12-month dilution+119.4%Nov 13, 2025 → Oct 28, 2026

Cash & equivalents$84.8Mas of Aug 14, 2026

Estimated cost of debt5.00%

Debt stack

Total: $5.0M

Instrument	Principal	Rate	Reference price	Conversion price	Capped call	Prepaid forward repurchase	Maturity	Stage	Source
Amended and restated convertible promissory note (Zachary Yi Zhou shareholder loan)Corporate	$5.0M	5%					Sep 30, 2026	Closed	Apr 6, 2026

Total: $290.0M

Instrument	Principal	Rate	Maturity	Stage	Source
Senior secured project term loan (Texas Critical Data Centers LLC)SPV · Texas Critical Data Centers LLC	$290.0M		2029	Closed	Oct 7, 2026

Total: $64.0M

Instrument	Principal	Rate	Maturity	Secured	Ratings	Stage	Source
Private placement of common stock (PIPE) - 23,272,727 shares at $2.75/share	$64.0M					Priced	Oct 28, 2026

Instrument	Description	Source
Warrants issued to Macquarie Equipment Capital Inc. (413,055 shares)Warrants / purchase right	New Era Energy & Digital granted a right to purchase up to 413,055 ordinary shares at $7.26 per share (~0.4% of basic shares outstanding at the time).	Oct 7, 2026
At-the-market equity program (up to $100 million of common stock)ATM program	New Era Energy & Digital authorized the sale of up to $100.0M of ordinary shares over time through an at-the-market program, at prevailing market prices.	Sep 24, 2026
Underwritten public offering of common stock at $3.35/share (incl. over-allotment)Equity offering	New Era Energy & Digital raised approximately $114.9M.	Apr 14, 2026

Instrument	Cost / amount	Maturity	Stage	Source
Standby letter of credit reimbursement agreement (Macquarie Bank Limited)	$116.0M		Closed	Oct 7, 2026
Secured promissory note (shareholder loan from Joel Solis)	$4.0M	Dec 6, 2025	Closed	Oct 23, 2025
Equity purchase facility (Fourth A&R EPFA) — up to $1.0 billion of common stock (terminated)	$1.00B		Other	Oct 16, 2025