Street Calls of the Week
MIDLAND, Texas - New Era Energy & Digital, Inc. (NASDAQ:NUAI) has regained compliance with Nasdaq Global Market’s listing requirements, according to a formal notice received from Nasdaq on Friday.
The company had previously been at risk of delisting due to failure to meet the market value of listed securities requirement under Listing Rule 5450(b)(2)(A). As a result of regaining compliance, the hearing scheduled with the Nasdaq Hearings Panel for October 16 has been cancelled.
The company’s shares will continue to be listed and traded on the Nasdaq Global Market under the ticker NUAI.
"We are pleased to have regained full compliance with Nasdaq’s listing requirements and remain focused on executing our strategy," said E. Will Gray II, CEO of New Era Energy & Digital, in a press release statement.
New Era Energy & Digital describes itself as a developer and operator of next-generation digital infrastructure and integrated power assets. The company provides solutions for hyperscale, enterprise, and edge operators through its portfolio of powered land and powered shells.
The announcement comes as the company has been working to stabilize its business operations. Maintaining its Nasdaq Global Market listing provides the company with continued market visibility and access to investors as it pursues its business objectives.
In other recent news, New Era Energy & Digital, Inc. has made significant progress in its Texas Critical Data Centers (TCDC) project, announcing the completion of Phase One engineering. This phase included environmental studies and feasibility assessments, crucial for the project’s development in the Permian Basin. The company has now commenced Phase Two engineering, focusing on site planning and infrastructure integration, with site clearing expected to begin within the next 60 days. Furthermore, New Era Energy & Digital has addressed compliance issues with Nasdaq, following a notice regarding the minimum market value of listed securities. The company has until September 2, 2025, to regain compliance with Nasdaq’s listing requirements. Additionally, New Era Helium has rebranded to New Era Energy & Digital, reflecting its strategic shift towards digital infrastructure and energy integration. The company will now trade under the new ticker symbol NUAI. Lastly, an amendment to the CEO’s employment agreement has been made to cover relocation expenses, effective July 16, 2025.
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