NEXT - NextDecade trades low issues $10M preferred equity

NextDecade (NEXT) to sell $10M of Series C convertible preferred stock in a private placement to OGCI Climate Investments.OGCI Climate Investments is a fund set up by member companies of the Oil and Gas Climate Initiative to catalyze low carbon ecosystems and deliver carbon reduction.Earlier this month, company announced its wholly owned subsidiary, NEXT Carbon Solutions, is developing one of the largest CCS projects in North America at Rio Grande LNG. "Through its work at Rio Grande LNG, NextDecade demonstrates the economic and operational viability of CCS to deliver carbon reduction. We believe in NextDecade’s vision of delivering the lowest end-to-end emission LNG possible from the Permian and Eagle Ford basins." said Pratima Rangarajan, OGCI Climate Investments’ CEO.Shares -9.6% pre marketPress Release

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NextDecade trades low, issues $10M preferred equity