As filed with the Securities and Exchange Commission on August 15, 2024
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
NextDecade Corporation
(Exact name of registrant as specified in its charter)
| | | | | |
| Delaware | 46-5723951 |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
| | |
1000 Louisiana Street, Suite 3300
Houston, Texas 77002
(713) 574-1880 |
| (Address of principal executive offices) (Zip Code) |
| | |
| NEXTDECADE CORPORATION 2017 OMNIBUS INCENTIVE PLAN |
| (Full title of the plan) |
| | |
Vera de Gyarfas, General Counsel
NextDecade Corporation
1000 Louisiana Street, Suite 3300
Houston, Texas 77002 |
| (Name and address of agent for service) |
| | |
| (713) 574-1880 |
| (Telephone number, including area code, of agent for service) |
| | |
Copies of all communications, including communications sent to agent for service, should be sent to:
Ryan J. Maierson
Latham & Watkins LLP
811 Main Street, Suite 3700
Houston, Texas 77002
(713) 546-5400 |
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
| | | | | | | | | | | |
| Large accelerated filer | o | Accelerated filer | o |
| Non-accelerated filer | x | Smaller reporting company | x |
| | Emerging growth company | o |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
EXPLANATORY NOTE
NextDecade Corporation (the “Registrant”) is filing this Registration Statement on Form S-8 for the purpose of registering an additional 5,000,000 shares of common stock, par value $0.0001 per share (“Common Stock”), issuable under the NextDecade Corporation 2017 Omnibus Incentive Plan, as amended (the “Plan”), which increase in shares of Common Stock was approved by the Registrant’s stockholders at its Annual Meeting of Stockholders on June 3, 2024.
Pursuant to General Instruction E to Form S-8, the contents of the Registrant’s Registration Statements on Form S-8 filed with the Securities and Exchange Commission (the “Commission” or “SEC”) on December 15, 2017 (File No. 333-222082), November 8, 2019 (File No. 333-234596), March 26, 2021 (File No. 333-254761), July 15, 2021 (File No. 333-257928), June 24, 2022 (File No. 333-265829) and August 15, 2023 (File No. 333-274001) are hereby incorporated by reference into this Registration Statement on Form S-8 (except to the extent expressly superseded herein). PART II
INFORMATION REQUIRED IN REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The Registrant hereby incorporates by reference in this Registration Statement the following documents previously filed by the Registrant with the SEC:
•Current Reports on Form 8-K as filed with the SEC on January 3, 2024, January 8, 2024, January 25, 2024, February 12, 2024, March 20, 2024, March 25, 2024, June 3, 2024, July 1, 2024, July 22, 2024 and August 8, 2024; •Definitive Proxy Statement on Schedule 14A filed with the SEC on April 25, 2024; and All documents filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), subsequent to the date of this Registration Statement shall be deemed to be incorporated herein by reference and to be a part hereof from the date of the filing of such documents until such time as there shall have been filed a post-effective amendment that indicates that all securities offered hereby have been sold or which deregisters all securities remaining unsold at the time of such amendment.
Any statement contained in the documents incorporated or deemed to be incorporated by reference in this Registration Statement shall be deemed to be modified, superseded or replaced for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference in this Registration Statement modifies, supersedes or replaces such statement. Any such statement so modified, superseded or replaced shall not be deemed, except as so modified, superseded or replaced, to constitute a part of this Registration Statement.
No document or information deemed to be furnished and not filed in accordance with rules of the Commission shall be deemed to be incorporated herein by reference unless such document or information expressly provides to the contrary.
Item 8. Exhibits.
| | | | | |
| Exhibit Number | Description |
| 4.1 | |
| 4.2 | |
| 4.3 | |
| 5.1* | |
| 10.1** | |
| 10.2** | |
| 10.3** | |
| 10.4** | |
| 10.5** | |
| 23.1* | |
| 23.2* | |
| 24.1* | |
| 107* | |
* Filed herewith.
** Indicates management contract or compensatory plan.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Houston, State of Texas, on August 15, 2024.
| | | | | | | | |
| NEXTDECADE CORPORATION |
| |
| By: | /s/ Brent Wahl |
| | Brent Wahl |
| | Chief Financial Officer |
POWER OF ATTORNEY
Each of the undersigned officers and directors of NextDecade Corporation hereby constitutes and appoints Brent Wahl and Vera de Gyarfas, and each of them, his or her true and lawful attorneys-in-fact and agents, each with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all (i) amendments (including post-effective amendments) and additions to this Registration Statement of NextDecade Corporation on Form S-8 and (ii) to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite or necessary to be done in connection therewith, as fully and to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that each of said attorneys-in-fact and agents, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities set forth opposite their names and on August 15, 2024.
| | | | | |
| Name | Title |
| | |
| /s/ Matthew Schatzman | Chairman of the Board and Chief Executive Officer |
| Matthew Schatzman | (Principal Executive Officer) |
| | |
| /s/ Brent Wahl | Chief Financial Officer |
| Brent Wahl | (Principal Financial Officer) |
| | |
| /s/ Eric Garcia | Senior Vice President and Chief Accounting Officer |
| Eric Garcia | (Principal Accounting Officer) |
| | |
| /s/ Brian Belke | Director |
| Brian Belke | |
| | |
| /s/ Frank Chapman | Director |
| Frank Chapman | |
| | |
| /s/ Thibaud de Préval | Director |
| Thibaud de Préval | |
| | |
| |
| | | | | |
| /s/ Avinash Kripalani | Director |
| Avinash Kripalani | |
| | |
/s/ Giovanni Oddo | Director |
| Giovanni Oddo | |
| | |
| /s/ Edward Andrew Scoggins, Jr. | Director |
| Edward Andrew Scoggins, Jr. | |
| | |
| /s/ William Vrattos | Director |
| William Vrattos | |
| | |
| /s/ Spencer Wells | Director |
| Spencer Wells | |
| |
| /s/ Tim Wyatt | Director |
| Tim Wyatt | |
| |
| |
Exhibit 107
CALCULATION OF FILING FEE TABLE
Form S-8
(Form Type)
NextDecade Corporation
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered and Carry Forward Securities
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| Security Type | Security Class Title | Fee Calculation Rule | Amount Registered (1) | Proposed Maximum Offering Price Per Unit (2) | Maximum Aggregate Offering Price | Fee Rate | Amount of Registration Fee |
| Newly Registered Securities |
Fees to Be
Paid | Equity | Common Stock, par value $0.0001 per share | Rule 457(c) | 5,000,000 (3) | $4.975 | $24,875,000 | 0.00014760 | $3,671.55 |
| Total Offering Amounts | | $24,875,000 | 0.00014760 | $3,671.55 |
| Total Fees Previously Paid | | — | | — |
| Total Fee Offsets | | — | | — |
| Net Fee Due | | | | $3,671.55 |
(1) In accordance with Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement shall be deemed to cover an indeterminate number of additional shares to be offered or issued from stock splits, stock dividends or similar transactions with respect to the shares being registered.
(2) Calculated in accordance with Rule 457(c) and (h) under the Securities Act of 1933 solely for the purpose of calculating the registration fee, which is based on the average of the high and low market prices of the shares of Common Stock of the Registrant as reported on the Nasdaq Capital Market on August 12, 2024.
(3) Represents an additional 5,000,000 shares of Common Stock issuable under the Amended and Restated NextDecade Corporation 2017 Omnibus Incentive Plan, as amended, which increase in shares of Common Stock was approved by the Registrant’s stockholders at its Annual Meeting of Stockholders on June 3, 2024.
Table 2: Fee Offset Claims and Sources
N/A
Table 3: Combined Prospectuses
N/A
August 15, 2024
NextDecade Corporation
1000 Louisiana Street, Suite 3300
Houston, Texas 77002
| | | | | | | | |
| | Re: | NextDecade Corporation - Registration Statement on Form S-8 |
To the addressee set forth above:
We have acted as special counsel to NextDecade Corporation, a Delaware corporation (the “Company”), in connection with the proposed issuance of an aggregate of up to 5,000,000 shares of the Company’s common stock, $0.0001 par value per share (the “Shares”) issuable under NextDecade Corporation 2017 Omnibus Incentive Plan (the “Plan”). The Shares are included in a registration statement on Form S-8 under the Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on August 15, 2024 (the “Registration Statement”). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or related prospectus, other than as expressly stated herein with respect to the issue of the Shares.
As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the General Corporation Law of the State of Delaware (the “DGCL”), and we express no opinion with respect to any other laws.
Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, when the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the purchasers, and have been issued by the Company for legal consideration in excess of par value in the circumstances contemplated by the Plan, assuming in each case that the individual grants or awards under the Plan are duly authorized by all necessary corporate action and duly granted or awarded and exercised in accordance with the requirements of law and the Plan (and the agreements and awards duly adopted thereunder and in accordance therewith), the issue and sale of the Shares will have been duly authorized by all necessary corporate action of the Company, and the Shares will be validly issued, fully paid and nonassessable. In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares provided in the DGCL.
This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.
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| Sincerely, |
|
| /s/ Latham & Watkins LLP |
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We have issued our report dated March 11, 2024 with respect to the consolidated financial statements of NextDecade Corporation included in the Annual Report on Form 10-K for the year ended December 31, 2023, which is incorporated by reference in this Registration Statement. We consent to the incorporation by reference of the aforementioned report in this Registration Statement.
/s/ GRANT THORNTON LLP
Houston, Texas
August 15, 2024
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