NextDecade closes $69.4M third-tranche equity sale to TotalEnergies affiliate, gets stockholder approval

NextDecade Corp

Issued 14,802,055 shares to Global LNG North America Corp. (TotalEnergies affiliate) at aggregate price of $69,399,261.77.
Third tranche brings TotalEnergies ownership to 17.5% of outstanding NextDecade common stock.
Stockholder approval received at Sept 7 special meeting; 155.8M votes for, 0.5M against.
Shares issued under Section 4(a)(2) exemption; no public offering involved.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

NextDecade Corp shareholders approved A vote to approve the issuance of up to 14,830,994 shares of Common Stock to the Purchaser for aggregate consideration of $69,399,261.77 million. at the 2023-09-07 meeting.

Outcome: passed
Meeting: 2023-09-07

Exact text from the filing

Proposal 1 : A vote to approve the issuance of up to 14,830,994 shares of the Common Stock to the Purchaser for aggregate consideration of $69,399,261.77 million. For Against Abstain Broker Non-Votes 155,795,927 475,504 5,341 0

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573 shareholder votes filed in the last 30 days. Browse all shareholder votes →

NextDecade Corp filing history →

Source: SEC EDGAR

accession 0001437749-23-025497

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