New Era Energy & Digital, Inc. (NASDAQ: NUAI) Investor Alert: Deadline in Lawsuit on June 01, 2026.

A deadline is coming up on June 01, 2026. in the lawsuit filed for certain investors of New Era Energy & Digital, Inc. (NASDAQ: NUAI) over alleged securities laws violations by New Era Energy & Digital, Inc.

Investors who purchased shares of New Era Energy & Digital, Inc. (NASDAQ: NUAI) have certain options and there are strict and short deadlines running. Deadline: June 01, 2026.. New Era Energy & Digital, Inc. (NASDAQ: NUAI) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Midland, TX based New Era Energy & Digital, Inc., operates as an exploration and production platform, engages in the exploration, development, and production of helium, oil and natural gas, and natural gas liquids in the United States.

New Era Energy & Digital, Inc. (NASDAQ: NUAI) reported that its annual Total Revenue rose from $0.532 million in 2024 to $0.885 million in 2025, and that its Net Loss increased from $13.78 million in 2024 to $17.5 million in 2025.
On December 12, 2025, Fuzzy Panda Research published a report (the "FP Report") alleging, among other things, that "of NUAI's 406 gas wells, 346 were acquired from companies that went bankrupt operating the very same wells, including 87 wells from the company E. Will Gray II was CEO of and bankrupted himself, Remnant Oil." The FP Report states this was in line with prior companies run by New Era Chief Executive Officer ("CEO"), Everett Willard Gray II ("Gray," also known as "E. Will") who "has a long history (~20 years) of incinerating value at oil & gas pink sheet companies" some seemingly on purpose to effectuate his own financial benefit. For example, the report details how "Gray was Co-Founder & CEO of Remnant Oil, a private co, which went bankrupt in 2019 after hundreds of 'regulatory violations'" but that Remnant's wells were "acquired in bankruptcy by a related party, Acacia Resources, and were then sold to Solis Partners, a subsidiary of New Era Energy." The FP Report states it "uncovered that Gray's playbook includes financial tricks to enrich insiders, like converting related party loans to equity or paying fees to friends and family."
The FP Report further calls the Company's pivot to fueling AI companies a "fantasy." The FP Report alleges that, among other things, that despite the Company "telling investors it's made significant progress" with its regulatory permitting, including the submission of air quality permits, "no applications have even been submitted." The FP states that according to "Texas, New Mexico and Federal government databases for the construction and environmental permits that NUAI will need to start building its data centers and power plants" the Company had not submitted any of its required permits, "not even an application."

On December 29, 2025, Hunterbrook Media reported that the New Mexico Attorney General filed a lawsuit against New Era Energy, its subsidiary Solis Partners, LLC, and Gray, among others, (the "HBM Report"). The HBM Report publicized that New Mexico had recently filed a complaint alleging New Era Energy, Gray, and a network of affiliated companies, had orchestrated a "fraudulent oil-and-gas scheme" to "siphon revenue from wells that produce fossil fuels while abandoning environmental cleanup obligations." The HBM Report details how the complaint "alleges a broader pattern of fraudulent transfers, self-dealing, and false statements to regulators, including the use of shell entities and strategic bankruptcies to evade responsibility."
According to the HBM Report, the scheme reportedly involved the Company, Gray, and a network of affiliated companies transferring wells among related entities, including New Era Energy and its subsidiary, Solis Partners "selling" wells to themselves, and then placing liability-bearing companies into bankruptcy to avoid plugging and remediation costs. Reportedly, New Era Energy was core to the scheme, in part by receiving and operating the most valuable gas wells, 87 in total, which were transferred from Acacia to Solis Partners, while leaving Acacia with the bulk of plugging and remediation liabilities. That transfer reportedly occurred in July 2021. According to the complaint, the defendants, including New Era Energy, thus subsequently "received significant revenue (possibly into the millions of dollars) that they knew would otherwise be required to address" plugging and remediation costs.

Shares of New Era Energy & Digital, Inc. (NASDAQ: NUAI) declined from $12.29 per share on December 09, 2024, to $3.70 per share on April 09, 2026.

According to the complaint filed in the U.S. District Court for the Western District of Texas the plaintiff alleges on behalf of purchasers of New Era Energy & Digital, Inc. (NASDAQ: NUAI) common shares between November 6, 2024 and December 29, 2025, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 6, 2024 and December 29, 2025, the defendants failed to disclose to investors that the Company overstated its progress in its permitting and regulatory filings for its flagship Texas Critical Data Centers project, that the Company was involved in a fraudulent scheme "to pocket revenues from hundreds of oil and gas wells in New Mexico" by transferring wells among related entities and then placing liability-bearing companies into bankruptcy to avoid plugging and remediation costs, that, as a result, the Company's financial results were false and/or misleading, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of New Era Energy & Digital, Inc. (NASDAQ: NUAI) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.