Nextdecade corporation announced that it expects to receive $50.000002 million in funding from ninteenth investment company l.l.c

Nextdecade corporation (nasdaqcm:next) announced that it has entered into an common stock purchase agreement with new investor ninteenth investment company l.l.c for private placement of 7,974,482 shares at a price of $6.27 per share for gross proceeds of $50,000,000 on october 24, 2019. the company may issue additional 398,724 shares on each of january 1, 2021 and july 1, 2021 under certain circumstances. the shares to be issued are subject to lock-up of 180 days. the investor has right to appoint a person to the company’s board of directors. the company will issue securities pursuant to exemption provided under regulation d.
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