New Era Energy & Digital Inc. (NASDAQ: NUAI) announced the pricing of its underwritten public offering of 29,850,746 shares of common stock at $3.35 per share, generating gross proceeds of approximately $100 million before underwriter fees and expenses.

The company plans to use net proceeds to repay outstanding borrowings under a senior secured convertible promissory note payable to SharonAI Inc., with any remainder allocated to general corporate purposes.

New Era has granted underwriters a 30-day option to purchase up to an additional 4,477,611 shares at the public offering price, less underwriting discounts and commissions.

Northland Capital Markets serves as lead book-running manager for the offering, while Texas Capital Securities acts as book-running manager. The offering is expected to close on April 10, 2026, subject to customary closing conditions.

The offering is conducted pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission, which was declared effective on January 30, 2026.

New Era describes itself as a developer and operator of digital infrastructure and integrated power assets.