New Era Energy & Digital, Inc. (NUAI, NUAIW), a developer of digital infrastructure and integrated power assets, announced Thursday that the U.S. Bankruptcy Court for the Western District of Texas granted approval to its previously announced settlement with the United States Trustee for the Acacia Resources LLC and Acacia Operating Company LLC bankruptcy estates.

Per the terms, company defendants will deliver a total payment of one million dollars, allocating 350000 dollars to the State of New Mexico and 650000 dollars to the trustee representing the Acacia Resources bankruptcy estate.

The funds must be transferred within five business days after the court issues its approval order.

The company indicated the agreement settles every trustee-controlled claim tied to the State of New Mexico lawsuit against the firm and related parties.

After receiving the payment, the trustee will release the defendants from those claims and dismiss them permanently.

The Bankruptcy Court sanctioned the settlement and approved the trustee motion on July 9, rendering the accord final.

On May 22 the trustee submitted a motion requesting Bankruptcy Court approval of the settlement involving the New Era defendants.

The company noted the settlement eliminates five claims by New Mexico against the company, although the state will continue pursuing three claims against E. Will Gray II personally.

New Era Energy & Digital shares closed Thursday 6.92 percent higher at 2.3950 dollars on Nasdaq.

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