NUAI Stock Jumps 10% Premarket After Terminating Equity Purchase Facility Agreement

New Era Energy & Digital (NUAI) shares rose 10% in premarket trading on Friday after the company announced that it has delivered a notice of termination with respect to its equity purchase facility agreement.

The company announced that the termination of the equity purchase facility agreement will take effect on October 24. The firm stated it is currently sufficiently capitalized and does not anticipate selling any additional shares under the equity agreement.

New Era Energy & Digital also added that it has submitted a written request to the SEC to withdraw the preliminary proxy statement with respect to a special meeting of its stockholders, which was filed with the regulator on September 19.

The company has requested the withdrawal of the preliminary proxy statement, as it no longer seeks to increase its authorized shares from 250 million to three billion, and management is no longer considering one or more reverse stock splits.

New Era Energy & Digital also added that it no longer plans to issue additional shares under the equity purchase facility agreement.

 “We are thankful for the EPFA investor providing a source of financing via an equity line of credit in connection with our deSPAC business combination, that resulted in New Era being publicly held and its securities listed on the Nasdaq Stock Market,” said E. Will Gray II, CEO of New Era.

Retail sentiment on New Era Energy & Digital remained unchanged in the ‘neutral’ territory compared to a day ago, with message volumes at ‘normal’ levels, according to data from Stocktwits.

In August, New Era Helium had announced it had changed its corporate name to New Era Energy & Digital and began trading under its new Nasdaq symbol NUAI, effective August 13, 2025.

Shares of the company have declined by over 47% this year. 

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Also See: SOFI Stock Is The Talk Of The Town Today, And There’s An Amazon Angle

Share

·

Add us on