NextDecade issues $5M Series C Preferred to TEP Next Decade, an Energy & Power affiliate

NextDecade Corp

Sold 5,000 shares at $1,000 each for $5M; additional 100 shares as origination fee.
Preferred pays 12% cumulative dividend, payable quarterly in cash or in-kind.
Warrants attached: 0.071% of fully diluted common, exercise at $0.01/share, 3-year term.
Mandatory conversion upon FID event or by March 2031; optional conversion if stock hits 175% of Series A/B conversion price.
TEP Next Decade (Energy & Power Transition Partners affiliate) is the sole buyer.

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