Why Did NUAI Stock Slump 11% In Pre-Market Today?

The company plans to raise $100 million in a public offering at $3.35 per share, a 20% discount from its last closing price.
The candlestick chart of the cryptocurrency Terra Luna with the sell-off.
The candlestick chart of the cryptocurrency Terra Luna with the sell-off.(Photo by Silas Stein/picture alliance via Getty Images)
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Arnab Paul·Stocktwits
Published Apr 09, 2026   |   7:24 AM EDT
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Shares of New Era Energy & Digital, Inc. (NUAI) fell 11% in pre-market trading on Thursday as investor sentiment weakened after the company priced its $100 million public offering.

New Era Energy & Digital said it plans to raise around $100 million by offering 29.85 million shares of common stock at $3.35 per share, representing an almost 20% discount to the stock’s Wednesday closing price of $4.14.

The company said it plans to use the net proceeds primarily to repay all outstanding borrowings under a senior-secured convertible promissory note owed to SharonAI, with the remaining funds allocated to general corporate purposes.

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