secwatch.observer — SEC 8-K summary
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Issuer:     NextDecade Corp (NEXT)
CIK:        0001612720
Form:       8-K
Filed at:   2022-03-04T23:59:59+00:00
Accession:  0001437749-22-005249
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612720/000143774922005249/0001437749-22-005249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612720/000143774922005249/next20220302_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-005249

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