New Era Helium Completes Business Combination and Announces Nasdaq Listing
TL;DR
NEH has closed a business combination with Roth CH V Holdings, Inc. and Roth CH Acquisition V. Co., with NEH merged with Roth CH V Merger Sub Corp.
NEH merged with Roth CH V Merger Sub Corp, a wholly-owned subsidiary of Holdings, and Holdings has changed its name to New Era Helium.
NEH's Nasdaq listing will enhance visibility and attract U.S. investors interested in energy infrastructure and sustainable innovation, further underscoring the value of its assets and forward-looking projects.
NEH announced a non-binding joint venture with Sharon AI, Inc. to build a 90MW net-zero Tier 3 data center powered by sustainable energy and carbon capture technology.
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New Era Helium, Inc. has completed its business combination with Roth CH V Holdings, Inc. and Roth CH Acquisition V Co., marking a significant corporate milestone that enables public trading on Nasdaq under the symbols "NEHC" and "NEHCW". This transition to a publicly traded company enhances New Era Helium's ability to attract investment and expand its operations in the critical helium and natural gas sector, particularly as demand surges from data centers powering artificial intelligence applications.
The company's substantial asset base, including over 137,000 acres in Southeast New Mexico and 1.5 billion cubic feet of proved and probable helium reserves, provides a strong foundation for growth. This strategic positioning is further strengthened by last month's announcement of a non-binding joint venture with Sharon AI, Inc. to develop a 90MW net-zero Tier 3 data center within the Permian Basin. The partnership leverages Sharon AI's high-performance computing expertise with New Era Helium's extensive energy resources.
The planned data center facility represents a innovative approach to sustainable infrastructure, featuring liquid-cooled technology powered by renewable energy sources. The project incorporates carbon capture technology expected to offset approximately 250,000 metric tons of CO2 annually, aligning with growing environmental priorities in the technology and energy sectors. This initiative demonstrates how traditional energy companies can evolve to support digital infrastructure needs while maintaining environmental responsibility.
E. Will Gray II, Chairman and Chief Executive Officer of New Era Helium, emphasized the importance of the Nasdaq listing for enhancing the company's public profile and expanding its reach to institutional investors interested in both the AI datacenter and helium markets. The public trading status provides increased visibility and access to capital markets, which is crucial for executing the company's growth strategy and developing its extensive resource base.
The business combination and subsequent public listing occur at a time when helium demand is experiencing significant growth due to its essential role in cooling systems for high-performance computing and data centers. This market dynamic, combined with New Era Helium's substantial reserves and strategic partnerships, positions the company to become a leading consolidator in helium and natural gas production. The transition to public markets represents a critical step in scaling operations to meet increasing demand from the technology sector while advancing sustainable energy solutions.
Curated from News Direct
