NextDecade Corp.
Description
NextDecade Corp. has issued $15 million of common stock to an affiliate of Bechtel Oil, Gas and Chemicals (Bechtel). NextDecade issued the common stock to Bechtel at a price of $7.08 per share.
In May 2019, NextDecade executed contracts with Bechtel for the EPC of the first three trains of NextDecade’s Rio Grande LNG project. As part of these contracts, Bechtel had previously agreed to accept up to $15 million in NextDecade common stock in consideration for certain activities. The share price was calculated in accordance with terms of the transaction with Bechtel.