New Era Helium Completes Business Combination and Begins Trading on Nasdaq

New Era Helium, Inc. (NEH) has successfully completed its business combination with Roth CH Acquisition V. Co., marking a pivotal moment in the company's growth strategy. The merged entity, now operating under the name New Era Helium, Inc., is set to begin trading on the Nasdaq stock exchange under the symbols 'NEHC' and 'NEHCW' on December 9, 2024.

This transition to a publicly traded company on a major exchange represents a significant milestone for New Era Helium, positioning it to capitalize on the increasing demand for helium, particularly in the rapidly expanding artificial intelligence and data center sectors. With over 137,000 acres in Southeast New Mexico and 1.5 billion cubic feet of proved and probable helium reserves, NEH is poised to become a leading consolidator in the helium and natural gas production industry.

The company's strategic importance is further underscored by its recent announcement of a non-binding joint venture with Sharon AI, Inc. to construct a 90MW net-zero Tier 3 data center within the Permian Basin. This initiative aligns with the growing need for sustainable, high-performance computing facilities to support the burgeoning AI industry.

As part of the business combination, NEH has secured substantial financing, including a $75 million equity purchase agreement and up to $10 million in senior secured notes. This influx of capital is expected to fuel the company's expansion plans and strengthen its market position.

The listing on Nasdaq is anticipated to enhance New Era Helium's visibility among U.S. investors interested in energy infrastructure and sustainable innovation. This increased exposure could potentially lead to greater access to capital markets and support the company's long-term growth objectives.

E. Will Gray II, Chairman and CEO of New Era Helium, emphasized the significance of the Nasdaq listing, stating it will enhance the company's public profile and broaden its reach to institutional investors in the AI datacenter and helium markets.

As the demand for helium continues to rise, driven by technological advancements and the expansion of data centers, New Era Helium's strategic positioning and newly acquired public status may have far-reaching implications for the industry. The company's focus on sustainable practices, including its planned net-zero data center, also aligns with growing environmental concerns, potentially setting a new standard for responsible resource extraction and utilization in the energy sector.