Form 8-K

8-K — New ERA Energy & Digital, Inc.

Accession: 0001213900-26-083411

Filed: 2026-07-30

Period: 2026-07-24

CIK: 0002028336

SIC: 1311 (CRUDE PETROLEUM & NATURAL GAS)

Item: Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review

Documents

8-K — ea0299918-8k_newera.htm (Primary)

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8-K — CURRENT REPORT

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the

Securities Exchange Act of 1934

July 30, 2026 (July 24, 2026)

Date of Report (Date of earliest event reported)

NEW ERA ENERGY & DIGITAL, INC.

(Exact Name of Registrant as Specified in Charter)

Nevada

001-42433

99-3749880

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(I.R.S. Employer

Identification Number)

200 N. Loraine Street, Suite 1324

Midland, TX

79701

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including

area code: (432) 695-6997

Not Applicable

(Former name or former address, if changed since

last report)

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

NUAI

The Nasdaq Stock Market LLC

Warrants

NUAIW

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR § 230.405) or Rule 12b-2 of the Securities

Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 4.02. Non-Reliance on Previously Issued

Financial Statements or Related Audit Report or Completed Interim Review.

On July 24, 2026, the Audit Committee (the “Audit

Committee”) of the Board of Directors (the “Board”) of New Era Energy & Digital, Inc., a Nevada corporation

(the “Company”), determined, after consultation with management and Weaver and Tidwell, L.L.P., the Company’s

independent registered public accounting firm, that the previously issued unaudited condensed consolidated financial statements filed

in its Quarterly Report on Form 10-Q for the three months ended March 31, 2026 (the “Affected Period”), initially filed

with the Securities and Exchange Commission (the “SEC”) on May 15, 2026 (the “Original Form 10-Q”),

require restatement and should no longer be relied upon. The restated unaudited condensed consolidated financial statements will be included

in an Amendment No. 1 on Form 10-Q/A for the quarter ended March 31, 2026 (the “Form 10-Q/A”), which will be filed

as promptly as practicable following this Current Report on Form 8-K (this “Report”).

During the preparation of the Company’s

financial statements for the quarterly period ended June 30, 2026, management identified certain errors in the classification of certain

professional fees related to the Company’s acquisition and financing transactions (such errors, the “Expense Classification

Errors”), as well as errors in the Company’s accounting under ASC Topic 718, Compensation—Stock Compensation (“ASC

718”), for performance stock units (“PSUs”) granted to certain executive officers during the three months

ended March 31, 2026 (such error, the “Stock-Based Compensation Errors”). The estimated financial impacts are preliminary

and subject to change as the Company completes its restatement procedures.

● Expense Classification Errors: The Company recorded approximately $1.4 million of legal and professional

fees as general and administrative expense for the three months ended March 31, 2026, that were direct and incremental costs of specific

debt and equity transactions and should have been deferred. These costs primarily related to debt issuance costs, which are presented

as a direct deduction from the carrying amount of the related debt or, for debt not yet issued, deferred within other current assets,

and equity issuance costs, which are charged against the gross proceeds of completed issuances or, for offerings not yet completed, deferred

within other current assets. The Company’s analysis is ongoing, and these amounts remain preliminary as management completes its

full assessment of the Expense Classification Errors.

● Stock-Based Compensation Errors: The Company

identified non-cash errors in its accounting for the PSU awards, including with respect to the determination of the grant-date fair

value of the awards and the method of attributing compensation cost over the awards’ vesting terms. The grant-date fair value

of the PSU awards granted during the three months ended March 31, 2026, as originally determined of $23.5 million, was

inappropriately calculated and understated. Management is continuing to evaluate the accounting for the PSU awards under ASC 718,

which assessment determines the timing and amount of compensation cost required to be recognized. The Company’s analysis is

ongoing, and the Company is unable at this time to quantify the effect of the Stock-Based Compensation Errors on the Affected

Period; the effect may be material to the Original Form 10-Q.

In addition to the Expense Classification Errors

and the Stock-Based Compensation Errors, management is evaluating the Company’s accounting for its acquisition on January 16, 2026,

of the remaining 50% membership interest in Texas Critical Data Centers, LLC (“TCDC”).

Specifically, management is evaluating certain components of the fair value of the acquisition and has engaged a valuation expert. The

Company’s analysis is ongoing, and the Company is unable at this time to quantify the potential effects of the analysis if it determines

an error has occurred.

Estimated Effect of the Restatement

The Company is unable at this time to

quantify the combined effect of all of the errors described in this Report on the Affected Period, including the effect on net loss

and net loss per share, pending completion of the evaluation of the Expense Classification Errors, the Stock-Based Compensation

Errors and the TCDC acquisition analysis described above; the combined effect may be material. The errors affect net loss, net loss

per share, total assets, total liabilities and total stockholder’s equity as well as the presentation of the condensed

consolidated statement of cash flows and the condensed consolidated statement of changes in stockholders’ equity. The Expense Classification Errors and Stock-Based Compensation Errors have no effect on the

Company’s cash position. The correction of the Stock-Based Compensation Errors and Expense Classification Errors is not

expected to have an income tax effect because the Company maintains a full valuation allowance against its deferred tax assets.

As stated in the Original Form 10-Q, management

concluded that the Company’s disclosure controls and procedures were not effective as of March 31, 2026 and has identified a material

weakness in the Company’s internal control over financial reporting.

Investors and other readers should rely only on

the financial information and related disclosures regarding the Affected Period in the Form 10-Q/A and in any other future filings with

the SEC. They should not rely on the Original Form 10-Q or any previously issued or filed reports, press releases, earnings releases,

investor presentations or similar communications relating to the Affected Period.

The Company’s management and the Audit Committee

have discussed the matters described in this Report with Weaver and Tidwell, L.L.P., the Company’s independent registered public

accounting firm.

SIGNATURES

Pursuant to the requirements

of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto

duly authorized.

NEW ERA ENERGY & DIGITAL, INC.

Date: July 30, 2026

By:

/s/ Charles Nelson

Name:

Charles Nelson

Title:

Chief Executive Officer

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