Business Wire·Apr 13, 2026, 5:17 PM ET

Sharon AI Announces Accelerated Receipt of Remaining Consideration from Sale of 50% Ownership in Texas Critical Data Centers Joint Venture

Sharon AI Holdings Inc. (NASDAQ: SHAZ) accelerated receipt of US$50 million from New Era Energy & Digital, Inc. (NASDAQ: NUAI), resulting in total proceeds of US$74 million from the sale of its 50% stake in Texas Critical Data Centers LLC.
The US$74 million total represents a US$4 million increase over the originally anticipated US$70 million consideration.
NUAI delivered an Optional Redemption Notice on April 10, 2026, exercising its right to redeem the full principal amount of the Promissory Note plus accrued interest before the June 30, 2026 maturity date.
Sharon AI retains the option to convert up to 20% of the principal amount into NUAI common stock by April 17, 2026, with the remaining balance payable in cash by April 24, 2026.
NUAI issued a True-Up Notice following its recent public offering at $3.35 per share, entitling Sharon AI to approximately 893,724 additional shares.
The total capital inflow includes the US$50 million accelerated note payment, the true-up shares, & US$10 million in cash previously received in late March.
CEO James Manning stated that the early redemption & true-up strengthen Sharon AI's balance sheet with non-dilutive funding to support scaling sovereign AI & HPC cloud infrastructure in Australia.
Sharon AI discloses material information via its Investor Relations page, X account (sharon__ai), & LinkedIn account (sharon-AI) in compliance with Regulation FD.