NUAI News & Events

The major averages finished broadly lower to begin the final trading week of the year after a strong rally that pushed the S&P 500 and Dow to record highs last week. Traders are wrestling with profit-taking in major tech and AI-linked names even as the broader benchmark indexes remain close to all-time peaks. Precious metals have pulled back, contributing to cautious positioning among risk assets, while energy and select cyclical names show pockets of relative strength.Looking to commodities, gold was sharply lower, retreating from record highs, while oil prices rallied toward $60 a barrel.Get caught up quickly on the top news and calls moving stocks with this Midday Fly By.STOCK NEWS:SoftBankDigitalBridgefor $16 per share in cashLululemonfounder Chip Wilsonof three independent director candidatesCoupangannounced a 1.69T KRWover data breachVeriskhasto acquire AccuLynxWALL STREET CALLS:Amicusto Market Perform at Leerink after takeover dealPalisade Biowith an Overweight at Piper SandlerTurn Therapeuticswith a Buy at D. Boral CapitalNorthland1stDibsat Market Perform, awaits "more robust growth"AROUND THE WEB:New Era Energy & Digitalas New Mexico AG Raul Torrez filed a lawsuit against the companyWhile consistently the number 2 warehouse-club company in the U.S., Walmart-ownedSam's Club has been able to beat out Costcoin China,Novo Nordiskhas cut the listing prices by half for its obesity drug Wegovy in some Chinese provinces as the company prepares for copycats to flood the market,Hyundaiis not in a position to repurchase its manufacturing plant in Russia due to the war in Ukraine,Airbusis producing aircraft at a rapid pace in the final days of the year as the company works to achieve its recently cut annual aircraft delivery goal,MOVERS:Eightcoincreases after its board of directors approved afor up to $125MAutolusgains in New York after Needham named the stock as itsEnergy Fuelshigher after providing anUltragenyxlower after announcing its Phase 3 Orbit and Cosmic studies for setrusumabINDEXES:The Dow fell 249.04, or 0.51%, to 48,461.93, the Nasdaq lost 118.75, or 0.50%, to 23,474.35, and the S&P 500 declined 24.20, or 0.35%, to 6,905.74.

Hunterbrook is short New Era Energy & Digital. In a recently published report, it notes that New Mexico Attorney General Raul Torrez has filed "a sweeping enforcement lawsuit seeking to bar New Era from conducting business in New Mexico until certain conditions are met. The requirements include paying civil damages and penalties. This litigation collides with the company's push to develop a large, energy-intensive AI data center in the state." The lawsuit accuses New Era, its chief executive Everett Willard Gray II, and a network of affiliated companies of orchestrating a fraudulent oil-and-gas scheme. "Allegedly, the defendants sought to siphon revenue from wells that produce fossil fuels while abandoning environmental cleanup obligations," the report reads. Earlier this month, Fuzzy Panda Research said it was also short New Era Energy & Digital in "bet against CEO." Shares of New Era Energy & Digital have dropped almost 34% to $2.89 in afternoon trading.

New Era Energy & Digital announced that it has entered into a binding agreement to acquire Sharon AI's 50% ownership interest in Texas Critical Data Centers. Upon closing, the transaction will result in New Era owning 100% of the development. TCDC is the company's 1+ gigawatt hyperscale data center development located in Ector County outside Odessa, Texas. Under the binding agreement, New Era will acquire Sharon AI's entire 50% ownership interest in TCDC for total consideration of $70M, structured across a combination of cash, equity, and a senior secured convertible promissory note. The $70M consideration is structured as follows: an upfront cash payment of $10M, expected to be financed through loans or other non-equity financing arrangements. This component does not involve the issuance of New Era equity and is expected to be non-dilutive to existing shareholders. A one-time deferred equity issuance with a fixed value of $10M, payable on March 31, 2026, representing a time-defined equity obligation with dilution limited by the fixed value and deferred settlement. A $50M senior secured promissory note maturing June 30, 2026, of which $40M of the principal amount constitutes non-convertible debt. This instrument provides for a limited equity conversion right, rendering the financing minimally dilutive at the corporate level. The transaction is subject to customary approvals, and New Era will provide additional updates as the transaction advances and commercial discussions continue to progress. Upon closing, the transaction will bring TCDC under a single ownership structure as it enters its next phase of development. Management believes full ownership, combined with a strategic shift from a neocloud model to a "pick-and-shovel" approach, will support faster execution, clearer decision-making, and durable long-term value creation. In parallel with the ownership agreement, New Era has also closed on the acquisition of an additional 203 contiguous acres adjacent to the TCDC site. The purchase expands the total development footprint to 438 acres, strengthening TCDC's ability to support a large-scale, multi-phase 1+ gigawatt AI and HPC campus.

New Era Energy & Digital issued the following statement in response to a December 11 report by Fuzzy Panda Research an anonymous short seller activist group that has attempted to realize gains if the share price of New Era declines. The company believes the claims made by Fuzzy Panda are factually inaccurate and an attempt to mislead investors about New Era's actual operations, financial position and status of the company's various projects. The company urges investors to rely on its SEC filings and formal disclosures. E. Will Gray II, CEO of New Era Energy & Digital, commented: "We are a shareholder focused company and have kept investors updated with our project status via multiple channels. We take false claims against our company seriously and especially when it is to mislead and manipulate the market. We have had no interaction with Fuzzy Panda. Management and our board remain steadfast in developing and moving our project forward with several key announcements to come in the coming weeks."