LNG Developer NextDecade in Deal to Go Public

摘要

Liquefed natural gas (LNG) export terminal developer NextDecade LLC of The Woodlands, TX, has struck a tentative deal to go public in a reverse merger trans- action that values the company at $1 billion. NextDecade merger partner Harmony Merger Corp. is a publicly traded special purpose acquisition company with $117.5 million of cash in trust. The proposed all- stock transaction is expected to yield a combined entity with a pro forma enterprise value exceeding $1 billion at closing, with additional stock consideration to be paid to NextDecade shareholders upon the achieve- ment of certain milestones, Harmony said Monday afternoon.