NUAI stock falls 11% after $100 mn public offering at discount

NUAI stock falls 11% after $100 mn public offering at discount

New Era Energy & Digital (NUAI) stock slumped 11% in pre-market trading after pricing a $100 million public offering at $3.35 per share, a 20% discount. The company intends to use the net proceeds to repay outstanding debt to SharonAI, with the remaining funds allocated for general corporate purposes.

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