NextDecade raises $5.5M via Series C Convertible Preferred Stock sale to Avenue Energy

NextDecade Corp

Sold 5,500 shares of Series C Preferred at $1,000 each plus 110 origination fee shares for total $5.5M.
Series C Preferred carries 12% cumulative quarterly dividend, payable cash or in-kind; currently expected PIK.
Warrants attached: right to buy common shares at $0.01 per share (approx. 0.0781% of diluted shares), exercisable after 3 years.
Conversion price varies: 38,515 shares at $2.9632, 5,362 at $5.6216, 5,100 at $3.4056, new 5,610 at $4.6080.
Company must convert all Series C Preferred upon FID event or by March 17, 2031.

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