WASHINGTON, Sept. 19, 2017 /PRNewswire/ — Height Securities, LLC (“Height”) served as sole financial advisor to NextDecade Corporation (NASDAQ: NEXT, NEXTW) (“NextDecade”), formerly NextDecade, LLC, on its approximately $1 billion reverse merger with Harmony Merger Corporation, a special purpose acquisition company, or “SPAC.” As a result of the merger NextDecade is now publicly listed on the Nasdaq.
Height advised NextDecade on the structure and valuation of the transaction. Additionally, as part of the transaction, Height raised significant equity capital for NextDecade from new and existing investors who purchased stock from legacy investors of the SPAC. Proceeds raised from the transaction will primarily be utilized to further advance NextDecade’s Rio Grande LNG and Rio Bravo Pipeline projects located in Texas.
“We are pleased to have had the opportunity to work with NextDecade in further advancing their impressive projects in South Texas” noted John Akridge, Co-Founder and Managing Partner of Height. “Rio Grande LNG is optimally located close to associated gas production emanating from the Permian Basin and Eagle Ford Shale which we believe will provide customers around the globe with some of the lowest cost LNG available.”
NextDecade is developing the proposed 27 MTPA Rio Grande LNG project on an approximately 1,000 acre site located in Brownsville, Texas as well as the associated 4.5 Bcf/d Rio Bravo Pipeline.
About Height Securities:
Height Securities is a Washington-based investment firm founded in 2009. Our core team has provided industry-leading research since the early 2000s to institutional investors with positions in companies and sectors with significant regulatory exposure. The Height team has a well-established reputation for assisting clients in effectively navigating regulatory, macroeconomic, and geopolitical risks that impact investments and corporate operating environments. In 2014, we launched our Investment Banking and Advisory (IBA) group. From our headquarters in Washington, DC, we have a unique perspective on financing opportunities for regulated industries, and have become a leading financier and advisor in the space. Height Securities, LLC is a broker-dealer registered with the Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC), and is a member of the Securities Investor Protection Corporation (SIPC). For more information and additional disclosures, please visit the Height Securities website, at www.heightllc.com.
About NextDecade Corporation:
Based in The Woodlands, Texas, NextDecade is a developer of LNG projects providing customers access to the full LNG value chain. NextDecade comprises a team of industry leaders with extensive experience in signing major LNG off-take deals, and developing and managing LNG, FLNG, and FSRU projects, as well as associated natural gas infrastructure around the world. For more information, please visit www.next-decade.com.