#United States #New York #Levi & Korsinsky #New Era Energy #NUAI

Investor Alert on New Era Energy & Digital Securities Fraud

In a significant development for shareholders, Levi & Korsinsky, LLP has announced that investors who incurred losses from New Era Energy & Digital, Inc. (NASDAQ: NUAI) may be eligible to lead a class action lawsuit. This initiative comes amid serious allegations against the company for not disclosing critical information that could have influenced investment decisions, leading to considerable financial repercussions for shareholders.

Allegations of Misleading Information

The class-action period stretches from November 6, 2024, to December 29, 2025. During this timeframe, investors allege that New Era Energy made several materially misleading statements regarding various aspects of its operations, including its compliance with regulatory permits and its financial health. Specifically, the lawsuit suggests that the company misrepresented its progress in securing permits necessary for its ambitious projects in Texas. Shareholders reported a staggering drop of $1.87 per share—a 41% decline—following the final corrective disclosure that brought these alleged deceptions to light on December 29, 2025.

Key Timeline of Events

To provide clarity, here’s a timeline detailing crucial events that occurred:

• - November 6, 2024: New Era Energy filed its proxy statement, purportedly outlining its financial obligations regarding a significant business combination. However, the allegations claim this information was misleading and did not represent the actual liabilities.
• - December 6, 2024: The company celebrated the closing of its business combination and made claims of an AI-driven pivot to infrastructure development, highlighing a joint venture for a data center in the Permian Basin. Investors were led to believe in a bright future fueled by substantial helium reserves.
• - October 6, 2025: Management touted progress on securing air permits for environmental compliance. However, as later allegations surfaced, it became clear that no such applications had been submitted.
• - December 12, 2025: A report released by Fuzzy Panda Research revealed that there were no records of permit applications, causing shares to tumble by 6.9%.
• - December 29, 2025: The situation escalated when an Attorney General lawsuit from New Mexico surfaced, charging the company with a fraudulent oil-and-gas scheme, which led to the plummet.

What Investors Can Do

Investors who suffered losses during the designated class period are urged to gather documentation related to their investments, such as purchase dates, quantities of shares bought, and the prices paid. Potential class members have until June 1, 2026, to initiate their claims and must reach out to Levi & Korsinsky for a free evaluation of their eligibility to participate in the class action.

Lawyer Joseph E. Levi emphasized the importance of timely disclosure, asserting that accurate information is the cornerstone of fair trading practices within financial markets. Investors seeking retribution for losses sustained are encouraged to take immediate action to ensure their participation in this critical litigation.

Conclusion

This unfolding scandal presents a critical moment for investors in New Era Energy. The pending class action not only seeks to hold the company accountable for its alleged deceptions but also to restore investor confidence in a market where transparency is paramount. As this situation evolves, vigilance and prompt action on the part of affected shareholders will be essential in pursuing justice and recovery.