---
schema_version: "secwatch.filing_event.v1"
accession: "0001749723-24-000022"
form_type: "8-K"
ticker: "NFE"
cik: "0001749723"
company_name: "New Fortress Energy Inc."
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:33:37.016300+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# NFE completes acquisition of 1.6 GW Brazil power asset; construction started, annual capacity payments exceed $280M

## Summary
- Issued 96,746 shares of 4.8% Series A Convertible Preferred Stock (~$96.7M liquidation preference) to Ceiba Energy for full equity of Portocem, assuming certain liabilities.
- Annual fixed capacity payments of >$280 million under a 15-year PPA; commercial operations expected by August 2026.
- Power plant construction underway at NFE's existing LNG terminal in Barcarena, Brazil; total contracted power at site now exceeds 2.2 GW.
- Preferred stock convertible at $47.43 per share, pays cumulative quarterly dividends at 4.8% annual rate, senior to common stock in dividends and liquidation.
- Registration rights agreement requires NFE to file resale registration for common shares underlying the preferred within five business days.

## SEC filing metadata
- accession: 0001749723-24-000022
- form_type: 8-K
- ticker: NFE
- cik: 0001749723
- company_name: New Fortress Energy Inc.
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1749723/000174972324000022/0001749723-24-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1749723/000174972324000022/nfe-20240319.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001749723-24-000022
- JSON: https://secwatch.observer/filing/0001749723-24-000022.json
- Plain text: https://secwatch.observer/filing/0001749723-24-000022.txt

## Key facts
- Governance Changes
  New Fortress Energy Inc.: Filed Certificate of Designations for Series A Convertible Preferred Stock establishing terms, preferences, and voting rights (effective 2024-03-20).
  - Change: charter amendment
  - Effective: 2024-03-20
  source text: On March 20, 2024, the Company filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware to designate 96,746 shares of the Series A Convertible Preferred Stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1749723/000174972324000022/0001749723-24-000022-index.htm
- Material Agreements
  New Fortress Energy Inc. entered into Registration Rights Agreement with Ceiba Energy Fundo de Investimento em Participações Multiestratégia- Investimento no Exterior (effective 2024-03-19).
  - Action: entry
  - Counterparty: Ceiba Energy Fundo de Investimento em Participações Multiestratégia- Investimento no Exterior
  - Effective: 2024-03-19
  source text: New Fortress Energy Inc. (the “Company”) entered into a Registration Rights Agreement, dated as of March 19, 2024 (the “Registration Rights Agreement”), with Ceiba Energy Fundo de Investimento em Participações Multiestratégia- Investimento no Exterior (“Ceiba Energy”) requiring the Company to register the resale of the shares of the Company’s Class A common stock, par value $0.01 per share (the “Common Stock”) underlying the Company’s 4.8% Series A Convertible Preferred Stock, par value $0.01 per share and liquidation preference of $1,000.00 per share (the “Series A Convertible Preferred Stock”), issued to Ceiba Energy in the Exchange.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1749723/000174972324000022/0001749723-24-000022-index.htm

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