EX-5.1 2 ex_560316.htm EXHIBIT 5.1 ex_560316.htm

 

Exhibit 5.1

 

811 Main Street, Suite 3700

 

Houston, TX 77002

 

Tel: +1.713.546.5400   Fax: +1.713.546.5401

 

www.lw.com

     
lw3.jpg

FIRM / AFFILIATE OFFICES

 

Austin

Milan

 

Beijing

Munich

 

Boston

New York

 

Brussels

Orange County

 

Century City

Paris

August 15, 2023

Chicago

Riyadh

 

Dubai

San Diego

 

Dusseldorf

San Francisco

 

Frankfurt

Seoul

 

Hamburg

Shanghai

 

Hong Kong

Silicon Valley

 

Houston

Singapore

 

London

Tel Aviv

 

Los Angeles

Tokyo

 

Madrid

Washington, D.C.

 

NextDecade Corporation

1000 Louisiana Street, Suite 3900

Houston, Texas 77002

 

 

Re:         Registration Statement on Form S-3

 

To the addressee set forth above:

 

We have acted as special counsel to NextDecade Corporation, a Delaware corporation (the “Company”), in connection with its filing on the date hereof with the Securities and Exchange Commission (the “Commission”) of a registration statement on Form S‑3 (as amended, the “Registration Statement”), including a base prospectus (the “Base Prospectus”), which provides that it will be supplemented by one or more prospectus supplements (each such prospectus supplement, together with the Base Prospectus, a “Prospectus”), under the Securities Act of 1933, as amended (the “Act”), relating to the resale from time to time by the selling stockholders named in the Registration Statement of up to 24,163,042 shares (the “Shares”) of the Company’s common stock, $0.0001 par value per share (“Common Stock”), that are issued and outstanding as of the date hereof.

 

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 applicable 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, and we express no opinion with respect to the applicability thereto, or the effect thereon, of the laws of any other jurisdiction or, in the case of Delaware, any other laws, or as to any matters of municipal law or the laws of any local agencies within any state.

 

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, the Shares have been duly authorized by all necessary corporate action of the Company and are validly issued, fully paid and nonassessable.

 

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 and to the reference to our firm contained in the Prospectus under the heading “Legal Matters.” 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.

 

Sincerely,

 

/s/ Latham & Watkins LLP