New Era Energy & Digital Inc (NASDAQ:NUAI) the AI infrastructure and energy company, shares climbed 26.38% on Monday to close at $5.15 after disclosing a new beneficial ownership stake in a Securities and Exchange Commission filing.
Schedule 13G Filing
According to a Schedule 13G filed with the Securities and Exchange Commission, Conversant Opportunity Master Fund LP, Conversant GP Holdings LLC, Conversant Capital LLC and Michael Simanovsky jointly reported beneficial ownership of approximately 5.39 million shares of New ERA Energy & Digital Inc. common stock.
The reported holdings represent approximately 5.3% of the company’s outstanding common stock. The Schedule 13G states that the reporting persons share voting and dispositive power over the securities and are filing jointly pursuant to Rule 13d-1(k)(1), which permits multiple reporting persons to submit a single beneficial ownership report.
The filing did not disclose the purpose of the investment beyond the standard Schedule 13G certification.
Trading Metrics
New Era Energy has a market capitalization of approximately $521 million.
The stock has traded between a 52-week low of $0.32 and a 52-week high of $9.44.
NUAI shares are up about 930% over the past year and nearly 50% year-to-date.
According to Benzinga Edge Stock Rankings, the stock has a negative short- and medium-term price trend but maintains a positive long-term trend.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Joshua Gesterkamp / Shutterstock
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