NUAI Lawsuit Alleges Company Allegedly Concealed Material Risks - New Era Energy & Digital Investors Face Losses Following Company Allegedly Concealed Material Risks: SueWallSt

Shareholders Who Acquired Shares in Business Combination Urged to Review Options

NEW YORK, May 7, 2026 /PRNewswire/ -- SueWallSt announces that a securities class action has been filed against New Era Energy & Digital, Inc. (NASDAQ: NUAI).

YOU MAY BE AFFECTED IF YOU:

• Purchased New Era Energy stock between November 6, 2024 and December 29, 2025
• Lost money on your New Era Energy investment
• Acquired shares in or traceable to the Company's Business Combination with Roth CH Acquisition V Co.

Find out if you qualify for recovery or contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.

Shares of New Era Energy plummeted 41%, falling $1.87 per share to close at $2.69 on December 29, 2025, after reports revealed a fraudulent oil-and-gas scheme and the absence of any submitted permit applications for the Company's flagship data center project. Motions for lead plaintiff must be filed with the Court by June 1, 2026.

The Alleged Registration Statement Misrepresentations

Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 prohibit making untrue statements of material facts in connection with the purchase or sale of securities. On November 6, 2024, New Era Energy filed its proxy statement/prospectus on Form 424B3 soliciting stockholder approval of its Business Combination with Roth CH Acquisition V Co. The action contends this filing contained materially misleading information about the Company's financial condition, asset retirement obligations, and business prospects.

What the Registration Statement Allegedly Misrepresented

As pleaded in the complaint, the proxy statement/prospectus failed to disclose critical adverse facts:

●  The Company's reported progress on permitting and regulatory filings for the Texas Critical Data Centers project was overstated, with no applications even submitted to the Texas Commission on Environmental Quality

●  New Era Energy was allegedly involved in a scheme to siphon revenue from hundreds of New Mexico oil and gas wells while evading environmental cleanup obligations through related-party transfers and strategic bankruptcies

●  The Company's asset retirement obligation accounting allegedly failed to reflect the true scope of plugging and remediation liabilities across its 406 gas wells, 346 of which were acquired from bankrupt operators

●  The Company's reported $5.8 million gain on sale of assets in 2023, including $3.4 million related to relief of asset retirement obligations, was allegedly part of a broader pattern of transferring liabilities away from operating entities

IPO Due Diligence and Defendant Motivation

Plaintiffs allege that the Business Combination gave the Company access to public capital markets and a NASDAQ listing. The December 6, 2024 press release described the listing as "a significant moment in our corporate journey, enhancing our public profile within the industry, and broadening our reach to institutional investors." The action claims this public listing was pursued while material risks and an alleged fraudulent scheme were concealed from investors who relied on the proxy statement/prospectus to make investment decisions.

Start your claim now or call (888) SueWallSt.

"The PSLRA provides important protections for investors harmed by alleged securities violations. When companies enter public markets through business combinations, the disclosure documents must present an accurate picture of the company's operations, liabilities, and regulatory standing." -- Joseph E. Levi, Esq.

WHY SUEWALLST -- Ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, SueWallSt is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors. Motions for lead plaintiff must be filed with the Court by June 1, 2026.

Frequently Asked Questions About the NUAI Lawsuit

Q: Who is eligible to join the NUAI investor lawsuit? A: Investors who purchased NUAI stock or securities between November 6, 2024 and December 29, 2025 and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses, not on whether you still hold the shares.

Q: What specific misstatements does the NUAI lawsuit allege? A: The complaint alleges New Era Energy made materially false or misleading statements regarding its permitting progress for the Texas Critical Data Centers project, its involvement in an alleged fraudulent oil-and-gas scheme in New Mexico, and the accuracy of its reported financial results and asset retirement obligations. When the true state was revealed, the stock price declined sharply.

Q: What do NUAI investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact SueWallSt for a free, no-obligation evaluation at [email protected] or (888) SueWallSt. No immediate action is required to remain eligible as a class member.

Q: What is a lead plaintiff and why does it matter? A: A lead plaintiff is the investor appointed by the court to represent the entire class. Lead plaintiffs are typically investors with the largest documented losses. Being appointed does not increase individual recovery but gives direct oversight of how the case is run.

Q: What if I already sold my NUAI shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.

Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.

Q: What court was the NUAI class action filed in? A: The case was filed in the United States District Court for the Western District of Texas, Midland / Odessa Division, governed by the Private Securities Litigation Reform Act of 1995.

CONTACT:
SueWallSt
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (888) SueWallSt
Fax: (212) 363-7171

SOURCE SueWallSt.com