NEW ERA HELIUM INC. (NEHC) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 18, 2026

Risk Assessment Details

Potential Dilution: 861.91% of current shares
Recent Dilution: 308.04% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
53M
Potential Supply
460M
Additional shares possible
Splits
None
Past 2 years

Summary

NEHC currently has 53.4M outstanding shares. with significant dilution risk as 461M authorized shares could dilute existing holders by 861.9%. The company has significantly diluted shareholders by 308.04% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 18, 2026

S-3/A filing: This filing registers 2,923,117 shares of common stock for resale by selling stockholders, including shares underlying Macquarie warrants.

53M 460M
May 08, 2026

S-3 filing: This S-3 filing registers 2,923,117 shares of common stock for sale by selling stockholders.

53M 460M
Apr 14, 2026

8-K filing: New Era Energy & Digital, Inc. issued warrants and common stock to Macquarie Equipment Capital Inc. in connection with a term loan drawdown and the underwriters exercised their option to purchase additional shares of common stock. ($5.0M proceeds)

53M 460M
Apr 10, 2026

8-K filing: The Company completed an underwritten offering of 29,850,746 shares of common stock at a public offering price, with net proceeds of approximately $93.4 million to be used to repay debt and for general corporate purposes. ($93.4M proceeds)

53M 460M
Apr 08, 2026

8-K filing: New Era Energy & Digital, Inc. will issue warrants to Macquarie Equipment Capital Inc. to purchase up to 1,164,144 shares of common stock and will sell 1,000,520 shares of common stock at $5.00 per share. ($5.0M proceeds)

53M 460M
Mar 31, 2026

8-K filing: On March 31, 2026, the Company issued 2,091,351 shares of its common stock to SharonAI as part of the purchase price under the Membership Interest Purchase Agreement.

53M 460M
Mar 12, 2026

S-3/A filing: This S-3/A filing from New Era Energy & Digital, Inc. registers 8,560,000 shares of common stock for sale by a selling stockholder.

53M 460M
Jan 23, 2026

S-3 filing: New Era Energy & Digital, Inc. is offering shares of its common stock, preferred stock, debt securities, warrants, units and rights, with an aggregate initial offering price not to exceed $350,000,000.

53M 450M
Jan 20, 2026

8-K filing: New Era Energy & Digital, Inc. acquired SharonAI's equity interests in Texas Critical Data Centers LLC for $70 million, payable in cash, equity securities, and a convertible note; the company also agreed to reduce the exercise price of First Tranche Warrants to $2.00, potentially issuing 5 million shares.

53M 440M
Nov 13, 2025

10-Q filing | 53.4M shares outstanding

53M 440M
Oct 21, 2025

S-1/A filing: This document summarizes selected information regarding New Era Energy & Digital, Inc.'s business, risks, and the terms of its offerings, including a resale offering of common stock and a primary offering of common stock, as well as warrants.

53M 440M
Oct 06, 2025

8-K filing: New Era Energy & Digital, Inc. issued and sold 17,266,344 shares of Common Stock for a total amount of $13,813,206 and converted $6,119,409 of debt into 6,125,000 shares of common stock. ($13.81M proceeds)

26M 4.8B
Aug 20, 2025

S-1/A filing: This is an S-1/A filing for a secondary offering of 2,363,320,394 shares of common stock and a primary offering of 5,750,000 shares of common stock underlying public warrants.

26M 4.8B
Aug 14, 2025

10-Q filing | 26.0M shares outstanding

26M 97M
Jul 21, 2025

S-1 filing: This S-1 filing outlines a resale offering of 5,218,690 shares of common stock, a primary offering of 5,750,000 shares of common stock, and details regarding outstanding Tradeable Warrants exercisable for common stock.

26M 97M
Jul 10, 2025

8-K filing: New Era Helium Inc. entered into a Third Amended and Restated Equity Purchase Facility Agreement with an institutional investor, modifying the existing agreement and allowing the company to issue and sell up to $75 million of shares of common stock. ($8.59M proceeds)

14M 80M
May 15, 2025

10-Q filing | 13.9M shares outstanding

14M 80M
Mar 31, 2025

10-K filing | 6.4M shares outstanding

6.4M 80M
Jan 10, 2025

S-1/A filing: This is an S-1/A filing for a resale offering of common stock and warrants by selling shareholders, as well as shares issuable pursuant to the EPFA.

13M 80M
Dec 30, 2024

S-1 filing: This S-1 filing relates to a resale offering of common stock and warrants by selling shareholders, with the company not receiving any proceeds from the sale of these securities.

13M 52M
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