Today, SharonAI Holdings Inc. (NASDAQ:SHAZ) and its subsidiaries ("Sharon AI" or "the Company"), a leading Australian neocloud, announced the accelerated receipt of the remaining outstanding US$50 million Senior Secured Convertible Promissory Note, and receipt of a true-up share issuance from New Era Energy & Digital, Inc. (NASDAQ:NUAI).

This accelerated receipt results in total proceeds of sale of Sharon AI's 50% ownership interest in Texas Critical Data Centers LLC ("TCDC") to NUAI of US$74 million, US$4 million higher than the originally anticipated US$70 million.

On April 10, 2026, NUAI delivered an Optional Redemption Notice to Sharon AI, exercising its right to redeem the full outstanding principal amount of the US$50 million Promissory Note (originally maturing June 30, 2026), plus accrued interest.

Sharon AI has the option to convert up to 20% of the principal amount of the note into NUAI common stock by April 17, 2026, with the balance to be paid in cash by April 24, 2026.

Additionally, NUAI issued a True-Up Notice pursuant to the Membership Interest Purchase Agreement.

Following NUAI's recent public offering of common stock at $3.35 per share, Sharon AI is entitled to approximately 893,724 additional shares of NUAI common stock.

Together with the US$10 million in cash already received in late March, these steps bring the total consideration to US$74 million to Sharon AI, ahead of the original payment schedule.