secwatch.observer — SEC 8-K summary
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Issuer:     NextDecade Corp (NEXT)
CIK:        0001612720
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001437749-23-020910
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612720/000143774923020910/0001437749-23-020910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612720/000143774923020910/next20230726_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020910

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