Overview
- The company priced 29,850,746 new shares at $3.35, targeting about $100 million in gross proceeds before fees.
- New Era said it will use the cash to repay a senior secured convertible promissory note owed to SharonAI, with any remainder for general purposes.
- Underwriters received a 30‑day option to buy up to 4,477,611 additional shares at the public price, less discounts and commissions.
- Northland Capital Markets is the lead book‑running manager, with Texas Capital Securities also serving as a book‑runner.
- The offering is being made under an SEC‑effective Form S‑3 shelf registration, and the company said closing remains subject to customary conditions.