Monitor closely for the $30 million equity raise completion and data center lease execution by October 2026. Failure on either milestone could trigger loan acceleration and force immediate repayment of outstanding amounts, creating severe liquidity risk.
Price Chart
Executive Summary
New ERA Energy & Digital entered into a $290 million senior secured term loan facility with Macquarie Equipment Capital, consisting of multiple tranches with staggered availability. The financing includes warrants and a registration rights agreement, but also contains a material adverse clause that could trigger acceleration if certain milestones aren't met, creating significant execution risk.
Key Financial Metrics
Key Facts
- Entered into $290 million senior secured term loan facility with Macquarie Equipment Capital
- Loans include $20M committed, $30M, $40M, and $200M delayed draw tranches
- Issued warrants to purchase up to 1,164,144 shares of common stock
- Agreement requires $30M equity raise within 60 days
- Failure to execute data center lease or draw $50M by October 8, 2026 triggers repayment option
Financial Impact
$290 million in debt financing with $30 million equity raise requirement
Risk Factors
- Failure to meet $30M equity raise requirement within 60 days
- Inability to execute data center lease within 6 months
- Accelerated repayment risk if milestones aren't met
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-041499 |
| Document: ea028535301ex4-2.htm | 0001213900-26-041499 |
| Document: ea028535301ex4-1.htm | 0001213900-26-041499 |
| Document: ea0285353-8k_newera.htm | 0001213900-26-041499 |
| Document: 0001213900-26-041499-index-headers.html | 0001213900-26-041499 |
| Document: 0001213900-26-041499-index.html | 0001213900-26-041499 |
| Document: 0001213900-26-041499.txt | 0001213900-26-041499 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 3, 2026 17w ago | 8-K | $1.80 $2.46 | ▲ +36.67% | ▲ +34.17% | — |
May 28, 2026 18w ago | 8-K | $1.80 $2.21 | ▲ +22.78% | ▲ +21.59% | — |
May 22, 2026 19w ago | EFFECT | $1.80 $2.56 | ▲ +42.22% | ▲ +39.03% | — |
May 19, 2026 19w ago | 8-K | $1.80 $2.44 | ▲ +35.28% | ▲ +30.27% | — |
May 18, 2026 19w ago | S-3/A | $1.80 $2.41 | ▲ +33.89% | ▲ +27.60% | — |
Apr 27, 2026 22w ago | 8-K | $1.80 $2.61 | ▲ +45.00% | ▲ +40.22% | — |
Apr 22, 2026 23w ago | EFFECT | $1.80 $1.87 | ▲ +3.61% | ▼ −1.17% | — |
Apr 17, 2026 24w ago | 8-K | $1.80 $2.05 | ▲ +13.89% | ▲ +7.12% | — |
Apr 10, 2026 25w ago | S-3 | $1.80 $2.24 | ▲ +24.44% | ▲ +15.52% | — |
Apr 10, 2026 25w ago | DEFA14A | $1.80 $2.24 | ▲ +24.44% | ▲ +15.52% | — |
US Market Status
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