NextDecade completes second tranche of common stock sale to TotalEnergies affiliate and conversion of preferred stock

NextDecade Corp

On July 27, 2023, NextDecade issued 22,072,103 shares of common stock to Global LNG North America Corp. at $4.9837 per share for total $110 million.
Issuance was the second tranche under a June 2023 Stock Purchase Agreement with an affiliate of TotalEnergies SE.
Convertible Preferred Stock (Series A, B, C) automatically converted into 59,542,066 common shares on July 26, 2023 after an FID Event at Rio Grande LNG.
Both issuances were exempt from registration under Section 4(a)(2) of the Securities Act as non-public offerings.

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