Past year: ▼ 2%(2.93 – 6.86 USD)
Each one in plain English, with the numbers worked through for a shareholder.
30 July 2026financial restatement▼ BadMajor
The company said its Q1 2026 financials should no longer be relied upon, because about $1.4M of deal-related fees were expensed rather than deferred. It also said the $23.5M grant-date fair value of executive performance stock units was understated by an amount not yet quantified, and it is still reviewing the TCDC acquisition accounting.
22 July 2026material agreement● Neutral
Macquarie agreed to extend the deadline for the company to set up a $100M at-the-market equity program under the term loan agreement -- a procedural covenant waiver; by this filing, Charles Nelson had succeeded E. Will Gray II as CEO.
14 Apr 2026capital raising announcement▲ Good
Drew the full $20M first tranche of the Macquarie term loan and sold additional shares and warrants directly to Macquarie, while underwriters exercised their option for 4.5M more offering shares -- the data-center buildout financing is now actively flowing.
10 Apr 2026capital raising announcement▲ GoodMajor
Closed the underwritten public offering required to unlock the Macquarie facility, issued true-up shares to Sharon AI and Zachary Zhou, and moved to prepay the Sharon AI convertible note early -- share count has ballooned to 93.5M shares outstanding, roughly ten times the count right after the 2024 merger.
8 Apr 2026capital raising announcement▲ GoodMajor
Texas Critical Data Centers signed a Term Loan Agreement with Macquarie Equipment Capital for up to $290M, of which only $20M is committed and the rest is at the lender's discretion. The deal requires a $30M+ equity offering within 60 days and gives Macquarie warrants and shares.
6 Apr 2026capital raising announcement▼ Bad
Took another insider bridge loan -- $5M from 5%+ shareholder Zachary Yi Zhou, later restructured to convert into stock at the company's next qualified financing -- continuing the pattern of insider-funded working capital ahead of permanent project financing.
31 Mar 2026capital raising announcement▲ Good
Cleared title on the data-center land by paying Grow Odessa $4.35M to eliminate its repurchase rights, and issued 2.1M more shares to Sharon AI as a true-up on the TCDC buyout consideration.
20 Jan 2026asset acquisition disposition▲ GoodMajor
Closed the buyout of Sharon AI's stake in Texas Critical Data Centers, giving the company full ownership; separately amended warrant terms with its original EPFA-era lender (now named as ATW AI Infrastructure II LLC) to clear the way for the deal, and announced a new co-development partnership with Primary Digital Infrastructure.
29 Dec 2025asset acquisition disposition▲ GoodMajor
Agreed to buy out Sharon AI's entire 50% stake in the Texas Critical Data Centers joint venture for $70M ($10M cash, $10M stock, $50M convertible note), taking full ownership of the AI data-center project -- while the venture also closed its previously announced purchase of the extra 203 acres.
29 Dec 2025capital raising announcement● Neutral
A same-day amendment to the Sharon AI buyout announcement, adding only the formal statement that the $10 million of stock and $50 million convertible note going to Sharon AI are being issued privately rather than registered. The deal itself is unchanged.
25 Nov 2025material agreement▲ GoodMajor
Texas Critical Data Centers agreed to buy another 203 acres in Ector County for about $5.1M, expanding the joint venture's Permian Basin data-center site to 438 contiguous acres.
12 Nov 2025material agreement▲ Good
New Era Energy & Digital entered a land option purchase agreement on November 5, 2025 for about 3,500 acres in Lea County, New Mexico, for a planned large-scale AI data center campus. The initial option period was two years, and it paid $200,000.
28 Oct 2025material agreement termination▼ BadMajor
Took a $4M short-term bridge loan (18% interest, secured by the Texas data-center land) from insider shareholder Joel Solis just a week after claiming to be well-capitalized, while AirLife Gases terminated its liquid-helium supply contract -- like Matheson in July -- forcing a $2.4M payment and confirming the original Pecos Slope helium plant is not coming online as planned.
20 Oct 2025material agreement termination▲ GoodMajor
Terminated the EPFA facility entirely -- which had been expanded to $1 billion in commitment size just two months earlier -- saying the company is now "sufficiently capitalized" and does not expect to need it; no termination penalty applies, closing out the toxic financing thread that began at the December 2024 merger close.
5 Sept 2025listing compliance notice▼ BadMajor
Nasdaq confirmed the company missed its September 2 deadline to fix the market-value deficiency and is now subject to delisting unless it wins a hearing before Nasdaq's panel; the company (by now renamed New Era Energy & Digital, Inc., trading as NUAI/NUAIW) says it may raise capital or pursue a PIPE to move down to the Nasdaq Capital Market instead.
29 July 2025material agreement▲ GoodMajor
The Texas Critical Data Centers joint venture with Sharon AI closed on its first land purchase -- 235 acres in Ector County, Texas -- for the planned AI/HPC data center campus, the first concrete capital commitment behind the January pivot into AI infrastructure.
18 July 2025material agreement● Neutral
Amended CEO E. Will Gray II's employment agreement to add relocation and housing expense reimbursement -- a minor administrative change.
10 July 2025material agreement▼ Bad
Amended the EPFA a third time (to allow pre-market share sales); disclosed that, as of this date, the company had already sold 12.8M shares for only $8.6M gross -- roughly $0.67/share -- confirming heavy dilution at depressed prices.
9 July 2025material agreement termination▼ BadMajor
Matheson Tri-Gas terminated its agreement to buy half the helium output from the company's Pecos Slope Plant, because the plant had missed its July 1, 2025 contractual start-up deadline -- the first sign the original helium-production business was stalling.
16 May 2025listing compliance notice▼ BadMajor
Two more Nasdaq deficiency notices arrived the same day: the market value of publicly held shares fell below $15M and the stock's closing bid price stayed under $1.00 -- both carrying 180-day cure periods to November 12, 2025, compounding the earlier market-value warning.
6 May 2025material agreement▼ Bad
Renegotiated the EPFA again to let the Company defer principal payments on its $10M in notes for a 2% monthly fee -- a sign of tightening cash even as the note holder kept collecting interest.
7 Mar 2025listing compliance notice▼ BadMajor
Nasdaq warned that New Era Helium's total market value had stayed below the $50M minimum for 30 straight days, starting a 180-day clock (to September 2, 2025) to regain compliance or face a move to the Nasdaq Capital Market.
21 Feb 2025material agreement▼ Bad
New Era Helium amended and restated its $75 million equity purchase facility with its investor. It set the Floor Price at $0.7176 per share (20% of the five-day average VWAP at January 15, 2025), to be reset downward only every six months from July 15, 2025, and required share sale proceeds to be offset against note payments in certain periods.
21 Jan 2025capital raising announcement▲ GoodMajor
Six weeks after going public, New Era Helium began pivoting into AI infrastructure: it formed a 50/50 joint venture, Texas Critical Data Centers LLC, with Sharon AI to build a 250MW gas-fired data center in the Permian Basin, while also drawing a second $3M note under its EPFA financing facility.
12 Dec 2024business combination● NeutralMajor
The merger closed on December 6, 2024, and NEH security holders received 8,916,625 shares of the combined company. 2,409,270 shares were issued to holders of NEH's bridge-financing debentures when they converted, and ROCL had 4,919,297 shares outstanding at the meeting record date.
10 Dec 2024capital raising announcement▼ BadMajor
The moment the merger closed, the company signed a $75M Equity Purchase Facility with an institutional investor plus $10M in senior secured convertible notes (7% original issue discount, secured by all company assets) -- a dilutive, toxic-style financing structure typical of a cash-strapped post-SPAC company.
9 Dec 2024business combination▲ GoodMajor
The SPAC merger closed: Roth CH Acquisition V and New Era Helium Corp completed their business combination, and the surviving public company was renamed New Era Helium Inc., trading on Nasdaq as NEHC/NEHCW under CEO E. Will Gray II.
1 Nov 2024business combination▼ BadMajor
Amendment No. 5 disclosed that Roth CH V had filed a preliminary proxy on 25 October seeking up to six one-month extensions of its completion window, from 4 December 2024 out to 4 June 2025 -- a week after the previous amendment warned that going past the Nasdaq 36-month limit would trigger suspension and delisting. Audited accounts for the new Nevada holding company, incorporated on 24 June 2024, were added.
23 Oct 2024business combination▼ BadMajor
Amendment No. 4 added the hard stop. Nasdaq rule IM-5101-2 gives a blank-cheque company 36 months from its listing to complete a combination; the filing states that extending beyond 30 November 2024 would breach the rule and bring immediate suspension and delisting, after which the stock could be treated as a penny stock under Rule 419. The proposed charter also lifts authorised capital from 50 million shares of common stock to 70 million common plus 5 million preferred that the board may issue on terms it sets itself.
4 Oct 2024business combination▼ Bad
Amendment No. 3 carried two further deal amendments -- an 11 September third amendment again restating the "Company Merger Shares" and "Net Debt" definitions, and a 30 September fourth amendment extending the outside date to 30 November 2024 -- and disclosed that New Era had been drawing bridge debentures to keep going: $125,000 in July, $825,000 in August and $1,130,000 in September. Directors of the combined company are to be paid $200,000 a year, $60,000 cash and $140,000 in stock granted after a year's service.
