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

New Era Helium, Inc. (NEH) has successfully completed its business combination with Roth CH Acquisition V. Co., paving the way for the company to begin trading on the Nasdaq stock exchange. The merger, approved by stockholders on November 26, 2024, positions NEH as a publicly traded entity under the ticker symbols 'NEHC' and 'NEHCW' starting December 9, 2024.

This strategic move comes at a crucial time for the helium industry, which is anticipating increased demand driven by the rapid growth of data centers powering artificial intelligence technologies. NEH, with its substantial helium and natural gas reserves in the Permian Basin, is poised to play a significant role in meeting this demand.

The company's assets include over 137,000 acres in Southeast New Mexico and more than 1.5 billion cubic feet of proved and probable helium reserves. This positions NEH as a potential leader in the helium production sector, which is becoming increasingly critical for various high-tech applications, including the cooling of supercomputers and MRI machines.

Concurrent with the business combination, NEH has secured significant financing to support its growth strategy. The company entered into a series of transactions with ATW Partners Opportunities Management, LLC, including a $75 million equity purchase agreement and the issuance of senior secured notes. This influx of capital is expected to fuel NEH's expansion plans and strengthen its market position.

The Nasdaq listing is anticipated to enhance NEH's visibility among investors, particularly those interested in energy infrastructure and sustainable innovation. This increased exposure could lead to better access to capital markets and potentially accelerate the company's growth trajectory.

NEH's recent announcement of a non-binding joint venture with Sharon AI, Inc. to build a 90MW net-zero Tier 3 data center in the Permian Basin further underscores the company's strategic positioning. This project, which aims to offset approximately 250,000 metric tons of CO2 annually through carbon capture technology, demonstrates NEH's commitment to sustainable practices in the energy sector.

E. Will Gray II, Chairman and CEO of New Era Helium, emphasized the significance of the Nasdaq listing, stating that it marks a pivotal moment in the company's journey. He expressed gratitude to shareholders and partners for their support in driving the company's success.

The completion of this business combination and subsequent Nasdaq listing comes at a time when the global helium market is facing supply challenges. With its substantial reserves and strategic location, NEH is well-positioned to address these market dynamics and potentially benefit from increasing helium prices.

As the demand for helium continues to grow, particularly in the tech and healthcare sectors, NEH's public listing could attract increased attention from investors looking to capitalize on this trend. The company's focus on both helium and natural gas production also provides a diversified approach to energy resource development.

The success of NEH's business strategy and its ability to capitalize on the growing demand for helium in high-tech applications will be closely watched by industry observers and investors alike. As the company begins its journey as a publicly traded entity, its performance on Nasdaq could serve as an indicator of the broader helium market's health and the increasing importance of this critical gas in the modern economy.