NextDecade Registers Shares Previously Issued to Mubadala
December 13 2019 - 6:00AM
Business Wire
NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced
that, on December 12, 2019, it filed a shelf Registration Statement
on Form S-3 with the Securities and Exchange Commission (SEC). The
filing was made to satisfy registration rights granted to Mubadala
Investment Company (Mubadala), the Abu Dhabi-based sovereign
investor, pursuant to the previously announced agreement for the
purchase of $50 million of NextDecade’s common stock by Mubadala on
October 24, 2019.
The registration statement relates to 10,074,482 shares of
NextDecade common stock held by Ninteenth Investment Company, LLC,
an affiliate of Mubadala. These shares consist of (i) 7,974,482
shares of common stock purchased from NextDecade; and (ii)
2,100,000 shares of common stock Mubadala acquired from an existing
stockholder.
NextDecade is not registering any shares of its common stock to
sell for itself, but it will incur expenses in connection with the
registration. The registration statement has not been declared
effective by the SEC. A copy of the prospectus included in the
registration statement may be obtained from NextDecade Corporation
at 1000 Louisiana Street, Suite 3900, Houston, Texas 77002,
Attention: General Counsel.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any such offer,
solicitation or sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About NextDecade Corporation
NextDecade is a liquified natural gas (LNG) development company
focused on LNG export projects and associated pipelines in Texas.
NextDecade intends to develop the largest LNG export solution
linking Permian Basin associated gas to the global LNG market,
creating value for producers, customers, and stockholders. Its
portfolio of LNG projects includes the 27 mtpa Rio Grande LNG
export facility in Brownsville, Texas and the 4.5 Bcf/d Rio Bravo
Pipeline that would transport natural gas from the Agua Dulce area
to Rio Grande LNG. NextDecade’s common stock is listed on the
Nasdaq Stock Market under the symbol “NEXT.” NextDecade is
headquartered in Houston, Texas. For more information, visit
www.next-decade.com.
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