New Era Helium Completes Business Combination and Announces Nasdaq Listing with Strategic Financing

New Era Helium, Inc. has successfully closed its business combination with Roth CH V Holdings, Inc. and Roth CH Acquisition V Co., marking a significant corporate milestone that transitions the company to public markets. The transaction, approved by stockholders on November 26, 2024, results in the combined entity operating under the New Era Helium name and commencing trading on Nasdaq under ticker symbols NEHC and NEHCW on December 9, 2024. This public listing represents a crucial step in the company's strategy to establish itself as a leading consolidator in the helium and natural gas production sector, particularly as demand surges from data centers powering artificial intelligence applications.

The company simultaneously secured substantial financing through agreements with ATW Partners Opportunities Management, LLC, including a $75 million equity purchase agreement and $10 million in senior secured notes, with $7 million advanced at closing and additional funding contingent on specific conditions. The financing package also includes warrants for up to $30 million in common stock, providing significant capital for expansion and development projects. These financial arrangements, detailed in the company's regulatory filings, underscore investor confidence in New Era Helium's business model and growth prospects in the evolving energy market.

New Era Helium's strategic positioning is strengthened by its substantial asset base, including over 137,000 acres in Southeast New Mexico and 1.5 billion cubic feet of proved and probable helium reserves. The company's recent joint venture with Sharon AI, Inc. to develop a 90MW net-zero Tier 3 data center within the Permian Basin demonstrates its commitment to sustainable innovation. This facility, leveraging Sharon AI's high-performance computing expertise and New Era Helium's energy resources, will utilize carbon capture technology to offset approximately 250,000 metric tons of CO2 annually while powering advanced computing infrastructure.

The Nasdaq listing enhances New Era Helium's visibility among institutional investors focused on energy infrastructure and sustainable technology, particularly those interested in the intersection of traditional energy resources and emerging AI-driven demand. Chairman and CEO E. Will Gray II emphasized that this milestone broadens the company's reach within the AI datacenter and helium markets, reflecting the growing importance of helium in cooling systems for high-performance computing facilities. As the company transitions to public markets, its combination of traditional energy assets with innovative sustainability projects positions it uniquely to address both current energy needs and future technological demands.