New Era Energy & Digital Enters ~$64M PIPE Agreement To Sell 23,272,727 Shares At  $2.75/Share

TCDC Phase 1 has secured up to 207 MW of firm, contracted power under a 20-year power purchase agreement, with delivery expected in Q3 2027.

The Company intends to use the net proceeds from the PIPE for repayment of the recent borrowings under the Macquarie facility, working capital and other general corporate purposes. Northland Capital Markets acted as the sole placement agent for the PIPE. Vinson & Elkins LLP served as legal counsel to the Company and Faegre Drinker Biddle & Reath LLP served as counsel to the placement agent. A.G.P./Alliance Global Partners acted as financial advisor for the PIPE.