New Era Energy & Digital ends $1.0B equity facility, no penalties

New Era Energy & Digital, Inc. terminated its Fourth Amended and Restated Equity Purchase Facility Agreement, which had permitted the company to sell up to $1.0 billion of common stock to an investor during a future commitment period.

Rhea-AI Filing Summary

New Era Energy & Digital, Inc. terminated its Fourth Amended and Restated Equity Purchase Facility Agreement, which had permitted the company to sell up to $1.0 billion of common stock to an investor during a future commitment period. The company delivered notice on October 16, 2025, with termination effective October 24, 2025.

The company stated it is sufficiently capitalized and does not expect to sell any additional shares to the investor. No termination penalties will be incurred. This removes a potential equity drawdown path without cost, while signaling confidence in current liquidity.

Insights

Capital markets and corporate finance analyst

NUAI ends $1.0B equity line; no penalties, signals liquidity.

The company terminated an equity purchase facility that allowed sales of up to $1.0 billion of common stock. The action is effective on October 24, 2025 and carries no termination penalties. Management states the company is sufficiently capitalized and does not expect further sales to the investor.

Ending the facility removes an available, potentially dilutive funding source. While it limits one financing option, it also reduces overhang from prospective stock issuances. Actual impact hinges on future funding needs and market access via other channels, which are not detailed in the excerpt.

The concrete milestone is the effective termination date of October 24, 2025. Subsequent disclosures may outline alternative financing capacity or confirm operating cash sufficiency, but those details are outside this excerpt.

8-K Event Classification

Item 1.02 — Termination of a Material Definitive Agreement

1 item

Item 1.02 Termination of a Material Definitive Agreement Business

A significant contract was terminated, which may affect business operations or revenue.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did NUAI announce in its 8-K?

The company terminated its Fourth Amended and Restated Equity Purchase Facility Agreement, effective October 24, 2025.

How large was NUAI’s equity purchase facility (NUAI)?

It permitted sales of up to $1.0 billion of common stock to an investor.

Why did NUAI terminate the facility?

The company determined it is sufficiently capitalized and does not expect to sell additional shares to the investor.

Are there any termination penalties for NUAI?

No. The company stated it will not incur any termination penalties.

When did NUAI enter the latest EPFA?

It was entered on August 12, 2025, with a commitment period commencing on December 6, 2025.

Does NUAI plan further sales to the EPFA investor?

No. NUAI does not expect to sell any additional shares to the investor.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/17/2025 - 06:15 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the

Securities Exchange Act of 1934

October 16, 2025

Date of Report (Date of earliest event reported)

NEW ERA ENERGY & DIGITAL, INC.

(Exact Name of Registrant as Specified in Charter)

Nevada		001-42433		99-3749880
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification Number)

4501 Santa Rosa Dr. Midland, TX		79707
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (432) 695-6997

n/a

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		NUAI		The Nasdaq Stock Market LLC
Warrants		NUAIW		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR § 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.02 Termination of a Material Definitive Agreement.

As previously disclosed, on August 12, 2025, New Era Energy & Digital, Inc. (the “Company”) entered into the Fourth Amended and Restated Equity Purchase Facility Agreement (the “EPFA”) with an investor (the “Investor”). Pursuant to the EPFA, we have the right, and not the obligation, to sell to the Investor up to $1.0 billion of our Common Stock, at our request during the commitment period commencing on December 6, 2025 and terminating on the first day of the month following the 36 month anniversary of December 6, 2025.

On October 16, 2025, the Company provided the Investor with notice of termination of the EPFA, with such termination to be effective October 24, 2025, in accordance with the terms of the EPFA. The Company determined that it is sufficiently capitalized at present and does not expect to sell any additional shares to the Investor. The Company will not incur any termination penalties as a result of its termination of the EPFA. 

The foregoing description of the EPFA is not complete and is qualified in its entirety by reference to the full text of the EPFA, a copy of which was filed as Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q filed with the SEC on August 14, 2025 and is incorporated herein by reference.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: October 17, 2025

	NEW ERA ENERGY & DIGITAL, INC.
	By:	/s/ E. Will Gray II
	Name:	E. Will Gray II
	Title:	Chief Executive Officer

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