New Era Energy & Digital entered into Securities Purchase Agreements to sell 23,272,727 shares of common stock in a private placement for gross proceeds of approximately $64 million. The shares were priced at $2.75 each and are expected to close on October 30, 2026. Northland Capital Markets acted as the placement agent. The company intends to use net proceeds to repay indebtedness under its Macquarie term loan, fund working capital, and support general corporate purposes. New Era Energy & Digital develops large-scale data centers across energy-rich U.S. markets.
