New Era Energy terminates equity facility, withdraws proxy statement

New Era Energy & Digital Inc. (NASDAQ: NUAI) announced it has terminated its equity purchase facility agreement and withdrawn a preliminary proxy statement filed with the Securities and Exchange Commission.

The company delivered a termination notice for the equity purchase facility agreement, with the termination effective October 24, 2025. New Era stated it is sufficiently capitalized and does not expect to sell additional shares under the agreement.

The company also requested withdrawal of a preliminary proxy statement filed September 19, 2025, regarding a special stockholder meeting. The withdrawal request cited three reasons: the company no longer seeks to increase authorized shares from 250 million to 3 billion, no longer plans to issue additional shares under the equity facility, and management is no longer considering reverse stock splits.

"We are thankful for the EPFA investor providing a source of financing via an equity line of credit in connection with our deSPAC business combination, that resulted in New Era being publicly held and its securities listed on the Nasdaq Stock Market," said Chief Executive Officer E. Will Gray II.

New Era Energy & Digital develops and operates digital infrastructure and integrated power assets. The Midland, Texas-based company provides solutions for hyperscale, enterprise, and edge operators to deploy data centers.

The information is based on a company press release statement.

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