---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-006343"
form_type: "8-K"
ticker: "NEXT"
cik: "0001612720"
company_name: "NextDecade Corp"
filed_at: "2022-03-16T23:59:59+00:00"
generated_at: "2026-06-26T22:22:37.709098+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-22-006343
- form_type: 8-K
- ticker: NEXT
- cik: 0001612720
- company_name: NextDecade Corp
- filed_at: 2022-03-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1612720/000143774922006343/0001437749-22-006343-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1612720/000143774922006343/next20220311_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-006343
- JSON: https://secwatch.observer/filing/0001437749-22-006343.json
- Plain text: https://secwatch.observer/filing/0001437749-22-006343.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.