New Era Helium Completes Business Combination, Set to Trade on Nasdaq

New Era Helium, Inc. (NEH) has successfully closed its business combination with Roth CH Acquisition V Co., marking a significant milestone in the company's growth strategy. The transaction, approved by stockholders on November 26, 2024, paves the way for NEH to begin trading on the Nasdaq under the symbols 'NEHC' and 'NEHCW' for its common stock and public warrants, respectively.

This development positions New Era Helium as a prominent player in the helium and natural gas production sector, with over 137,000 acres in Southeast New Mexico and 1.5 billion cubic feet of proved and probable helium reserves. The company's strategic focus on helium production comes at a time when demand is expected to surge, driven by the growth of data centers powering artificial intelligence.

The Nasdaq listing is anticipated to enhance NEH's visibility and attract U.S. investors interested in energy infrastructure and sustainable innovation. This move is particularly significant given the company's recent announcement of a non-binding joint venture with Sharon AI, Inc. to build a 90MW net-zero Tier 3 data center within the Permian Basin. The project aims to combine high-performance computing with NEH's extensive helium and natural gas reserves, potentially offsetting approximately 250,000 metric tons of CO2 annually through carbon capture technology.

E. Will Gray II, Chairman and CEO of New Era Helium, emphasized the importance of the Nasdaq listing, stating it 'marks a significant moment in our corporate journey, enhancing our public profile within the industry, and broadening our reach to institutional investors in the AI datacenter, and Helium markets.'

The completion of this business combination and subsequent Nasdaq listing underscores the growing importance of helium in various industries, particularly in the rapidly expanding field of artificial intelligence and data centers. As companies increasingly seek sustainable and efficient solutions for their technological infrastructure, New Era Helium's strategic positioning in the market could play a crucial role in meeting this demand.

Investors and industry observers will likely be watching closely to see how New Era Helium capitalizes on its new public status and leverages its assets to drive growth in the helium production sector. The company's focus on sustainable practices, including its planned net-zero data center, aligns with the growing emphasis on environmental responsibility in the energy and technology sectors.