---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-017430"
form_type: "8-K"
ticker: "NEXT"
cik: "0001612720"
company_name: "NextDecade Corp"
filed_at: "2023-06-14T23:59:59+00:00"
generated_at: "2026-06-14T01:15:47.424110+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# TotalEnergies to acquire 17.5% of NextDecade for $219.4M; GIP becomes majority investor in RGLNG Phase 1

## Summary
- TotalEnergies to purchase 17.5% of NextDecade common stock in three tranches for aggregate ~$219.4M; first tranche of $40M closed June 14.
- Second tranche of $110M at $4.9837/share triggers after FID; third tranche conditioned on shareholder approval.
- TotalEnergies commits to 5.4 MTPA LNG offtake for 20 years from Phase 1 (Trains 1-3), FOB, Henry Hub index.
- GIP to become majority investor in Rio Grande LNG Phase 1; both GIP and TotalEnergies have options for Trains 4, 5, and CCS.
- NextDecade targets FID on Phase 1 by end of Q2 2023, supported by these framework agreements.

## SEC filing metadata
- accession: 0001437749-23-017430
- form_type: 8-K
- ticker: NEXT
- cik: 0001612720
- company_name: NextDecade Corp
- filed_at: 2023-06-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1612720/000143774923017430/0001437749-23-017430-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1612720/000143774923017430/next20230613_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-017430
- JSON: https://secwatch.observer/filing/0001437749-23-017430.json
- Plain text: https://secwatch.observer/filing/0001437749-23-017430.txt

## Key facts
- Material Agreements
  NextDecade Corp entered into Stock Purchase Agreement with Global LNG North America Corp., an affiliate of TotalEnergies SE (effective 2023-06-13).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Global LNG North America Corp., an affiliate of TotalEnergies SE
  - Effective: 2023-06-13
  source text: On June 13, 2023, NextDecade Corporation, a Delaware corporation (the “ Company ”), entered into a common stock purchase agreement (the “ Stock Purchase Agreement ”) for three private placements (each, a “ Private Placement ”) with Global LNG North America Corp., a Delaware corporation (the “ Purchaser ”) and an affiliate of TotalEnergies SE, pursuant to which the Company agreed to sell, and Purchaser agreed to purchase, (i) an aggregate of 8,026,165 shares (the “ Tranche 1 Shares ”) of the Company’s common stock, par value $0.0001 per share (the “ Common Stock ”), at a purchase price of $4.9837 per share, for an aggregate purchase price of $39,999,998.51
  evidence_url: https://www.sec.gov/Archives/edgar/data/1612720/000143774923017430/0001437749-23-017430-index.htm

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