New Era Helium Corp. and Accretion Acquisition Corp. Announce Proposed Business Combination

New Era Helium Corp. (NEH) and Accretion Acquisition Corp. (Accretion) have recently entered into a non-binding Letter of Intent for a proposed business combination. Accretion is a special purpose acquisition company listed on The Nasdaq Stock Market, while NEH is an exploration and production company specializing in the sourcing of helium produced in association with natural gas reserves in North America.

The proposed Business Combination aims to create a scalable platform for the production of helium and position the combined company as one of the first to list on a major exchange. NEH holds a majority interest in the equity of the combined company, and the current management team of NEH is expected to continue leading the company following the Business Combination.

E. Will Gray II, Chairman and CEO of NEH, expressed excitement about the transaction, highlighting NEH’s focus on responsibly sourced helium and expanding their business while maintaining strong environmental, social, and governance (ESG) credentials. NEH has engaged ROTH Capital Partners as their financial advisor to support the execution of their strategy.

Brad Morse, Chairman and CEO of Accretion, emphasized the growing demand for helium, particularly in the semiconductor and aerospace sectors, and expressed enthusiasm for supporting the evolution of NEH’s business.

The completion of the Business Combination is subject to due diligence, negotiation of definitive agreements, and approval by the Board of Directors and shareholders of Accretion. If a legally binding definitive agreement is executed, Accretion intends to file a registration statement with the U.S. Securities and Exchange Commission (SEC) to provide further details to Accretion’s stockholders.

Both NEH and Accretion encourage investors and stockholders to carefully review the Proxy Statement/Prospectus and other relevant documents filed with the SEC before making any investment or voting decisions regarding the proposed Business Combination.

With this proposed merger, New Era Helium Corp. and Accretion Acquisition Corp. aim to capitalize on the growing demand for helium and establish themselves as leaders in the industry.