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NEXT - NextDecade announces $85M private placement of common stock
NextDecade Corporation
NextDecade ( NASDAQ: NEXT ) will sell $85M of company's common stock to 10 institutional investors.
The shares will be sold at $5.50/share, and the private placement is expected to close on September 19, 2022.
The company intends to use the proceeds from the private placement to continue development activity in preparation for its anticipated positive final investment decision on the first three trains at its Rio Grande LNG project.