NextDecade (NEXT) Announces Issuance of Preferred Equity to OGCI Climate Investments
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NextDecade Announces Issuance of Preferred Equity to OGCI Climate Investments
March 29, 2021 4:30 PM EDTHOUSTON--(BUSINESS WIRE)-- NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) announced today that it has agreed to sell $10 million of Series C Convertible Preferred Stock (Series C Preferred Stock) in a private placement to OGCI Climate Investments Holdings LLP (OGCI Climate Investments).
OGCI Climate Investments is a fund set up by member companies of the Oil and Gas Climate Initiative (OGCI) to catalyze low carbon ecosystems and deliver carbon reduction. One of OGCI Climate Investments areas of focus is the capture and storage of carbon dioxide (CCS) in industrial processes including... More
