Privately held NextDecade and Harmony Merger Corp. jointly announced today that they have signed an agreement for a business combination transaction.  The result would be NextDecade becoming a publicly listed company. NextDecade is a privately held LNG development company focused on natural gas export projects and associated pipelines in Texas. Harmony is a publicly traded special purpose acquisition company whose objective is to take a company public via a reverse merger.

“We believe a transaction with Harmony will strengthen our ability to bring competitively priced, U.S.-produced LNG to the world market in the early part of the next decade,” said Kathleen Eisbrenner, NextDecade Founder and CEO. “Our choice of proven technology and strategic South Texas project location combined with our experienced management team and strong industry relationships are some of the many reasons that both potential customers and investors have demonstrated interest in NextDecade.”

The all-stock transaction is expected to yield a combined entity with a value of more than $1.0 billion at closing, with up to an additional $200 million of contingent stock consideration to be paid to NextDecade’s members upon the achievement of specified milestones.

 “Following confirmatory due diligence activities, we believe that NextDecade’s commercial, regulatory, and engineering standing affords the company key competitive advantages and brings a unique opportunity for Harmony stockholders to participate at the development stage in an investment in the U.S. LNG export market,” said Eric Rosenfeld, Harmony Chief Executive Officer. 

LNGgc Americas May 31st, 2017 Houston

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Hitachi High-Tech AW Cryo, Inc. LNG Transport Tanks

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