Kent C. McCarthy reports 5.4 million share beneficial ownership

What did New ERA Energy & Digital, Inc. announce?

Kent C. McCarthy, KCM Capital Inc., and AMC Fund, L.P. jointly report beneficial ownership of 5,400,000 shares, representing 5.07% of the class.

Key details

• Kent C. McCarthy individually holds 50,000 shares.
• AMC Fund, L.P. holds 5,350,000 shares, controlled by KCM Capital, Inc., which is controlled by Kent C. McCarthy.
• The aggregate amount beneficially owned is 5,400,000 shares.
• The reported stake represents 5.07% of the total outstanding shares.

Why it matters

This 13G reports a change in ownership at New ERA Energy & Digital, Inc.. The likely share-price reaction reads as neutral.