What’s Up with Nextdecade Corp (NASDAQ:NEXT)

Nextdecade Corp (NASDAQ:NEXT) is trading with lower slightly in the pre-market session. The stock has jumped 18% over the past week.

Market Reaction

As of 7:45, NEXT is down 0.25% to $3.99 with 1K shares traded hands.

Major Trigger:

NEXTDECADE CORP. : Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K)

Key Highlights:

• held its 2021 Annual Meeting of Stockholders (the “Annual Meeting”). The matters voted upon and the results of the voting at the Annual Meeting were as follows:
• Proposal 1: The election of four Class A directors to serve on the Company’s board of directors (the “Board”) for terms of three years or until their successors are duly elected and qualified or until the earlier of their death, resignation or removal, and to elect one Class C director, previously elected by the Board, to serve the remainder of his term as a Class C director ending in 2023 or until his successor is duly elected and qualified or until the earlier of his death, resignation or removal.
• Proposal 2: Approval of the potential issuance of a number of shares of the Company’s common stock greater than 19.99% of outstanding common stock that may be issued (i) upon conversion of all of the shares of Series C Convertible Preferred Stock (the “Series C Preferred Stock”) issued or that may be issued under the Company’s Certificate of Designations of Series C Convertible Preferred Stock, including upon the conversion of dividends paid-in-kind as shares of Series C Preferred Stock, and (ii) upon the exercise of warrants issued in connection with the Series C Preferred Stock, in compliance with Nasdaq Stock Market Rule 5635(d).
• Proposal 3: Approval of an amendment to the Amended and Restated NextDecade Corporation 2017 Omnibus Incentive Plan to increase the maximum number of shares available under such plan and remove certain individual limits on shares issuable under such plan during a calendar year.