New Era Energy & Digital (NASDAQ:NUAI), a developer and operator of digital infrastructure and integrated power assets in the Permian Basin, on Friday pushed back against allegations from an anonymous short-seller activist group.
The company said the December 11 report by Fuzzy Panda Research contained “factually inaccurate” claims intended to mislead investors about New Era’s operations, financial position, and project status.
New Era urged investors to rely on its filings with the US Securities and Exchange Commission and other formal disclosures.
“We are a shareholder-focused company and have kept investors updated with our project status via multiple channels,” said E Will Gray II, CEO of New Era. “We take false claims against our company seriously, especially when it is to mislead and manipulate the market. We have had no interaction with Fuzzy Panda.
“Management and our board remain steadfast in developing and moving our project forward with several key announcements to come in the coming weeks.”
New Era Energy & Digital develops and operates next-generation digital infrastructure and integrated power assets. The company’s portfolio includes powered land and powered shells designed to support hyperscale, enterprise, and edge operators.