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The latest update is out from New Era Energy & Digital ( (NUAI) ).
On January 16, 2026, New Era Energy & Digital completed the previously announced $70 million buyout of SharonAI’s remaining 50% equity stake in Texas Critical Data Centers LLC, giving it full ownership of the project and eliminating SharonAI’s ongoing governance rights or control. The consideration included $10 million in cash, $10 million in equity to be issued in a future financing and a $50 million senior secured convertible promissory note maturing June 30, 2026, with a 10% annual interest rate, partial conversion rights into common stock and an overall 19.99% ownership cap on the acquisition consideration. The note is secured by New Era’s ownership in TCDC and its assets, with a potential maximum issuance of about 11.5 million shares based on the floor conversion price assumptions. To facilitate the deal, New Era obtained a waiver from ATW AI Infrastructure II LLC adjusting prior financing terms, including cutting the exercise price of certain existing warrants to $2.00—raising the maximum potential issuance under those warrants to 5 million shares—and agreeing to negotiate up to $60 million of convertible preferred stock, steps that collectively reshape the company’s capital structure as it shifts TCDC from planning to execution and co‑develops the asset alongside Primary Digital Infrastructure.
More about New Era Energy & Digital
New Era Energy & Digital, Inc. (Nasdaq: NUAI) is a developer and operator of next-generation digital infrastructure and integrated power assets, with a growing portfolio of strategically located, vertically integrated resources such as powered land and powered shells in the Permian Basin. The company provides turnkey solutions aimed at hyperscale, enterprise and edge operators to accelerate data center deployment, optimize total cost of ownership and future‑proof infrastructure investments.
Average Trading Volume: 9,656,520
Technical Sentiment Signal: Hold
Current Market Cap: $231.4M
For detailed information about NUAI stock, go to TipRanks’ Stock Analysis page.