Research Reports

Key takeaways

The Company elected to prepay the entire $50 million principal of the senior secured convertible promissory note.

SharonAI, Inc. did not elect to convert any portion of the note into equity.

The Company paid $50 million principal plus accrued interest in cash on April 24, 2026.

This payment satisfies all remaining obligations for the acquisition of Texas Critical Data Centers LLC.

Full analysis

New Era Energy & Digital, Inc. completed the prepayment of a significant $50 million senior secured convertible promissory note issued to SharonAI, Inc. The Company delivered irrevocable notice of prepayment on April 10, 2026, and settled the obligation in cash on April 24, 2026. SharonAI declined to convert the debt into equity, resulting in a full cash exit of the position. This transaction concludes the financial obligations tied to the Company's acquisition of Texas Critical Data Centers LLC, removing the associated debt from the balance sheet and eliminating potential dilution from note conversion.

NUAI · New Era Energy & Digital, Inc.

Summary

Key takeaways

Full analysis