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NEW ERA HELIUM INC. 8-K Analysis & Summary – 2/21/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

New Era Helium Inc

Filing date:

02/21/2025

TLDR:

New Era Helium Inc. entered into an amended and restated equity purchase facility agreement with an institutional investor, modifying the terms of a previous agreement for the sale of up to $75 million of shares.

ELI5:

Accession #:

0001104659-25-016194

Published on

Analyst Summary

  • New Era Helium Inc. (NEH) has entered into an Amended and Restated Equity Purchase Facility Agreement (A&R EPFA) with an institutional investor.
  • The A&R EPFA amends and restates the Existing EPFA in its entirety.
  • The Company has the right to issue and sell to the Investor, and the Investor shall subscribe for and purchase from the Company, up to an aggregate of $75 million of shares of Company common stock.
  • The price per Advance Share is set at the product obtained by multiplying the market price by 95%.
  • The Floor Price is currently set at $0.7176 per Common Share and may be adjusted downwards only on Floor Price Reset Dates.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️