---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-020910"
form_type: "8-K"
ticker: "NEXT"
cik: "0001612720"
company_name: "NextDecade Corp"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:33:39.688233+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-020910
- form_type: 8-K
- ticker: NEXT
- cik: 0001612720
- company_name: NextDecade Corp
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1612720/000143774923020910/0001437749-23-020910-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1612720/000143774923020910/next20230726_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020910
- JSON: https://secwatch.observer/filing/0001437749-23-020910.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020910.txt

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