New Era Energy Shares Fall 15.6% After Placement Expected to Raise $64 Million

New Era Energy & Digital, Inc. (NUAI) entered a private placement expected to raise $64 million in gross proceeds, while its shares fell 15.6% in premarket trading Thursday.

The company plans to issue more than 23.2 million common shares at $2.75 apiece. The $64 million figure is an expected amount of gross proceeds.