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

Original source: SEC EDGAR accession 0001213900-26-057022, https://www.sec.gov/Archives/edgar/data/2028336/000121390026057022/ea0289727-10q_newera.htm

Source date: 2026-05-15
Retrieved: 2026-07-30T05:41:18Z
Source class: regulator filing

What this source can establish

• NUAI had 61,255,938 common shares outstanding at 2026-03-31 and 101,290,928 outstanding at 2026-05-12, with no preferred stock issued/outstanding at 2026-03-31.
• NUAI's 2026-03-31 balance sheet showed $2.224771M cash, $64.259040M current liabilities, and a $49.188936M current convertible note net of discount.
• NUAI disclosed Q1 2026 revenue of $802,353, net loss of $8.991887M, operating cash use of $6.397454M, and substantial doubt about going concern through 12 months after issuance.
• NUAI disclosed expected next-12-month capital requirements of about $73.7M including up to $50M payable by June 30, 2026, and later April 2026 financing events including a $290M headline Macquarie facility, $93.4M net base offering proceeds, about $14M additional option proceeds, and use of offering proceeds to repay the SharonAI convertible note.
• NUAI disclosed public/private warrants, investor warrants/exercises, Q1 RSU/PSU grants, options, and subsequent Macquarie warrant terms/covenants.

What it cannot establish

• Actual cash balance after the April 2026 offering, note repayment, and later operating/project spending.
• Actual subsequent debt draws, ATM sales, resale sales, or fully diluted share count after May 12, 2026.
• Whether discretionary Macquarie tranches will be funded or whether data-center leasing conditions will be satisfied.

Limitations

• Company-filed unaudited quarterly report; subsequent events are current only through the filing date except as incorporated by later filings.
• Some warrant overhang arithmetic requires analyst reconciliation because the filing does not present one explicit post-exercise fully diluted table.