🔴 New Era Energy & Digital is trading 18.62% down in pre-market after announcing a discounted $64 million share placement

New Era Energy & Digital is trading $2.71, down 18.62% in pre-market after announcing a discounted share placement expected to raise approximately $64 million.

• The placement comprises 23,272,727 shares at $2.75 each, below the October 28 close of $3.33.
• Crypto is weaker over 24 hours: BTC is down 1.46% and ETH 1.62%. Broader indices are lower, with Nasdaq down 1.08%, less than the stock.