#United States #New York #Faruqi & Faruqi #New Era Energy #NUAI

Important Deadline Approaches for Investors

Faruqi & Faruqi, LLP, a renowned name in the realm of securities law, has put out an urgent reminder for investors of New Era Energy & Digital, Inc. (NASDAQ: NUAI) regarding significant upcoming deadlines related to a federal securities class action. Investors are encouraged to act swiftly as the deadline to assume the role of lead plaintiff is looming on June 1, 2026. This class action is a vital step for investors who purchased securities in New Era between November 6, 2024, and December 29, 2025.

Understanding the Allegations

The heart of the class action revolves around allegations that New Era Energy and its executives engaged in practices that violated federal securities laws. These practices include making misleading statements and failing to disclose critical information related to their projects and financial standing. Some specifics of the allegations include:

• - Overstating Project Progress: The company was charged with exaggerating its advancements in regulatory filings concerning its major Texas Critical Data Centers project.
• - Fraudulent Schemes: Allegations suggest that New Era was part of a scheme to avoid liabilities from oil and gas wells in New Mexico by transferring wells among affiliated entities and subsequently filing for bankruptcies to evade responsibilities for cleanup costs.
• - Misleading Financial Results: The extent of these violations has led to the conclusion that the company's reported financial results were deceptive, and the optimistic forecasts made by the executives were unfounded.

Recent Developments

The class action comes in light of several damaging reports. Notably, a December 2025 article from Investing.com highlighted a significant drop in New Era’s stock after a scathing report from Fuzzy Panda Research. Their findings indicated that New Era's investment in stock promotions far exceeded its operational expenditures, with claims that their CEO, E. Will Gray II, has a dubious background of managing penny stock companies poorly.

On December 29, 2025, the situation worsened when it was revealed that the New Mexico Attorney General had lodged a lawsuit against the company and its executives, alleging systematic fraudulent practices. This news prompted a dramatic decline in New Era’s share price, prompting further injury to investors immersed in the company.

Your Rights and Options

Investors who feel they have been misled have options. The role of lead plaintiff can be instrumental in guiding the class action, but participation is not mandatory. Those wishing to opt-out can still benefit from any recovery if the class action is successful, regardless of their role.

Furthermore, Faruqi & Faruqi, LLP is urging anyone with pertinent information regarding New Era’s practices—be they whistleblowers, former employees, or shareholders—to come forward and share their insights. Information shared can significantly aid the case against the company and potentially help in securing reparations for those wronged.

Those interested in pursuing this matter more closely can reach out to attorney Josh Wilson at Faruqi & Faruqi directly at 877-247-4292 or 212-983-9330 (Ext. 1310) or they may visit Faruqi's website for further guidance and information. Remember, this is a critical moment for making your voice heard in what could be a significant legal resolution for many investors affected by New Era Energy & Digital’s practices.

Stay informed about your rights, understand the implications of the upcoming deadlines, and take necessary action to protect your investments as this situation unfolds.

Note: All communications with the law firm will remain confidential, ensuring a secure environment for all parties involved.