The Law Offices of Frank R. Cruz announces an investigation of New Era Energy & Digital, Inc. (“New Era” or the “Company”) (NASDAQ: NUAI) on behalf of investors concerning the Company’s possible violations of federal securities laws.

What Is The Investigation About?
On December 12, 2025, Fuzzy Panda published a report alleging, among other things, that New Era’s CEO has “a long history” and that “the story” of each company he has led is “basically the same: sketchy related party dealings, false promises and paid stock promotion often using the same promoters. And each time, retail investors lost big — on average, [his] companies DECLINE -98%.” The report further alleged that the company spent 2.5 times more on stock promotions than on operating its oil and gas wells.

On this news, New Era’s stock fell $0.25, or 6.9%, to close at $3.35 per share on December 12, 2025, thereby injuring investors.

Then, on December 29, 2025, media outlets reported that that the New Mexico Attorney General had filed a lawsuit alleging that the Company, its CEO, and a network of affiliated companies orchestrated a fraudulent oil-and-gas scheme using shell companies to avoid environmental responsibilities such as plugging inactive wells.

On this news, New Era’s stock price fell $1.87, or 41%, to close at $2.69 per share on December 29, 2025, thereby injuring investors further.