Past year: ▼ 2%(2.93 – 6.86 USD)
Each one in plain English, with the numbers worked through for a shareholder.
14 Apr 2026capital raising announcement▲ Good
Drew the full $20M first tranche of the Macquarie term loan and sold additional shares and warrants directly to Macquarie, while underwriters exercised their option for 4.5M more offering shares -- the data-center buildout financing is now actively flowing.
10 Apr 2026capital raising announcement▲ GoodMajor
Closed the underwritten public offering required to unlock the Macquarie facility, issued true-up shares to Sharon AI and Zachary Zhou, and moved to prepay the Sharon AI convertible note early -- share count has ballooned to 93.5M shares outstanding, roughly ten times the count right after the 2024 merger.
8 Apr 2026capital raising announcement▲ GoodMajor
Landed real infrastructure financing at last: Texas Critical Data Centers signed a senior secured term loan facility of up to $290M with Macquarie Equipment Capital to build out the data-center campus, replacing the toxic EPFA-style dilution financing that funded the company since its 2024 SPAC merger.
6 Apr 2026capital raising announcement▼ Bad
Took another insider bridge loan -- $5M from 5%+ shareholder Zachary Yi Zhou, later restructured to convert into stock at the company's next qualified financing -- continuing the pattern of insider-funded working capital ahead of permanent project financing.
31 Mar 2026capital raising announcement▲ Good
Cleared title on the data-center land by paying Grow Odessa $4.35M to eliminate its repurchase rights, and issued 2.1M more shares to Sharon AI as a true-up on the TCDC buyout consideration.
29 Dec 2025capital raising announcement● Neutral
A same-day amendment to the Sharon AI buyout announcement, adding only the formal statement that the $10 million of stock and $50 million convertible note going to Sharon AI are being issued privately rather than registered. The deal itself is unchanged.
21 Jan 2025capital raising announcement▲ GoodMajor
Six weeks after going public, New Era Helium began pivoting into AI infrastructure: it formed a 50/50 joint venture, Texas Critical Data Centers LLC, with Sharon AI to build a 250MW gas-fired data center in the Permian Basin, while also drawing a second $3M note under its EPFA financing facility.
10 Dec 2024capital raising announcement▼ BadMajor
The moment the merger closed, the company signed a $75M Equity Purchase Facility with an institutional investor plus $10M in senior secured convertible notes (7% original issue discount, secured by all company assets) -- a dilutive, toxic-style financing structure typical of a cash-strapped post-SPAC company.
