NextDecade Corp. Signs Material Agreement for Rio Grande LNG

Ticker: NEXT · Form: 8-K · Filed: 2025-01-06T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, financial-obligation, lng, equity-securities

TL;DR

NextDecade just signed a big deal for Rio Grande LNG, creating new financial obligations.

AI Summary

On December 31, 2024, NextDecade Corporation entered into a material definitive agreement related to its Rio Grande LNG project. This agreement creates a direct financial obligation for the company. The filing also notes unregistered sales of equity securities and includes a Regulation FD disclosure.

Why It Matters

This filing indicates a significant step forward for NextDecade's Rio Grande LNG project, potentially impacting its financial obligations and future development.

Risk Assessment

Risk Level: medium — The creation of new financial obligations and unregistered sales of equity securities can introduce financial and regulatory risks.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by NextDecade Corporation?

The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not fully elaborated in the provided text, other than it creates a direct financial obligation.

When was the earliest event reported in this 8-K filing?

The earliest event reported is dated December 31, 2024.

What was NextDecade Corporation's former company name?

NextDecade Corporation's former company name was Harmony Merger Corp.

What is NextDecade Corporation's primary industry based on its SIC code?

NextDecade Corporation's Standard Industrial Classification (SIC) code is 4923, which corresponds to NATURAL GAS TRANSMISSION & DISTRIBUTION.

What are the key items reported in this 8-K filing?

The key items reported include entry into a material definitive agreement, creation of a direct financial obligation, unregistered sales of equity securities, Regulation FD disclosure, other events, and financial statements/exhibits.

From the Filing

0001628280-25-000454.txt : 20250106 0001628280-25-000454.hdr.sgml : 20250106 20250106081539 ACCESSION NUMBER: 0001628280-25-000454 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20241231 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250106 DATE AS OF CHANGE: 20250106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NextDecade Corp. CENTRAL INDEX KEY: 0001612720 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 465723951 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36842 FILM NUMBER: 25509113 BUSINESS ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3900 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135741880 MAIL ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3900 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: Harmony Merger Corp. DATE OF NAME CHANGE: 20140703 8-K 1 next-20241231.htm 8-K next-20241231 FALSE 0001612720 0001612720 2024-06-03 2024-06-03 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 31, 2024 NEXTDECADE CORPORATION (Exact Name of Registrant as Specified in Charter) Delaware 001-36842 46-5723951 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 1000 Louisiana Street , Suite 3300 Houston , Texas 77002 (Address of principal executive offices) (Zip code) Registrant’s telephone number, including area code: ( 713 ) 574-1880 (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class: Trading Symbol Name of each exchange on which registered: Common Stock, $0.0001 par value NEXT The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 1.01    Entry into a Material Definitive Agreement. Credit Agreement On December 31, 2024 (the “ Closing Date ”), Rio Grande LNG Super Holdings, LLC, a Delaware limited liability company (“ Super Holdings ”) and an indirect subsidiary of NextDecade Corporation (the “ Company ” or “ NEXT ”), entered into a Credit Agreement (the “ Credit Agreement ”) by and among Super Holdings, as borrower, Atlantic Park St

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