New Era Energy & Digital, Inc. Form 10-Q for quarter ended March 31, 2026

Original source: https://www.sec.gov/Archives/edgar/data/2028336/000121390026057022/ea0289727-10q_newera.htm

Source date: 2026-05-15
Retrieved: 2026-07-30T03:48:40Z
Source class: regulator filing

What this source can establish

NUAI's accounting and consideration for the SharonAI/TCDC acquisition: approximately $70M purchase price; $10M cash, 2,091,351 shares, $50M secured convertible promissory note; additional 893,724 true-up shares; SharonAI note paid in full April 24, 2026.
TCDC was accounted for as an asset acquisition, not a business combination, with substantially all fair value concentrated in land and no substantive processes, workforce, or outputs acquired.
Related-party funding and beneficiaries: $5M Zachary Zhou note used for the cash portion; amended note converted April 10, 2026 into 1,522,389 NUAI common shares; Sharon AI related-party receivable was zero at March 31, 2026.
Grow Odessa deed-amendment note status at March 31, 2026: $3,347,500 principal plus accrued interest, unsecured, 3.7% fixed annual interest, maturity July 20, 2026.

Independent fair market value of TCDC land or project rights.
Whether the Grow Odessa note was paid at/after July 20, 2026, absent later evidence.
Undisclosed side arrangements or unfiled beneficial ownership relationships.

Issuer filing evidence; management accounting judgments and descriptions are not independent valuation or title-record verification.
Current through the 10-Q and subsequent events disclosed in that filing as of May 15, 2026.