---
schema_version: "secwatch.filing_event.v1"
accession: "0001749723-24-000080"
form_type: "8-K"
ticker: "NFE"
cik: "0001749723"
company_name: "New Fortress Energy Inc."
filed_at: "2024-09-27T23:59:59+00:00"
generated_at: "2026-05-31T01:12:44.721228+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# New Fortress exchanges ~96,746 Series B Preferred for Series A, avoiding cash repurchase

## Summary
- Exchanged 86,746 Series A Preferred (held by Ceiba Energy) plus 10,000 escrowed shares for ~96,746 Series B Convertible Preferred shares at $1,000 liquidation preference.
- Series B conversion price initially $9.9645; may adjust to 105% of common stock price in a primary offering before Dec 31, 2024 if below $9.49.
- Exchange prevents potential forced cash repurchase of Series A, which holders could demand upon majority consent.
- Closing remains subject to conditions; no assurance the transaction will be consummated.
- Issuance is exempt from SEC registration under Section 3(a)(9) as exchange with existing holder without commission.

## SEC filing metadata
- accession: 0001749723-24-000080
- form_type: 8-K
- ticker: NFE
- cik: 0001749723
- company_name: New Fortress Energy Inc.
- filed_at: 2024-09-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1749723/000174972324000080/0001749723-24-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1749723/000174972324000080/nfe-20240923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001749723-24-000080
- JSON: https://secwatch.observer/filing/0001749723-24-000080.json
- Plain text: https://secwatch.observer/filing/0001749723-24-000080.txt

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