York Capital Management Amends NextDecade Stake

TL;DR

York Capital updated their NextDecade stake filing. Keep an eye on this one.

AI Summary

York Capital Management Global Advisors, LLC has amended its Schedule 13D filing for NextDecade Corporation, indicating a change in their beneficial ownership as of March 26, 2024. The filing details their holdings and intentions regarding the common stock of NextDecade Corporation.

Why It Matters

This amendment signals potential shifts in significant shareholder influence or strategy for NextDecade Corporation, which could impact its stock price and future operations.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership by large investment firms can signal strategic shifts or potential activism, impacting stock performance.

Key Players & Entities

• York Capital Management Global Advisors, LLC (company) — Filing entity
• NextDecade Corporation (company) — Subject company
• Kaitlin Descovich (person) — Legal counsel
• Weil, Gotshal & Manges LLP (company) — Legal counsel

FAQ

Key Financial Figures

• $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of class of securitie
• $0.01 — f certain funds affiliated with YGA for $0.01 per share in accordance with the Series

Filing Documents

• ef20025085_sc13da.htm (SC 13D/A) — 58KB
• 0001140361-24-015368.txt ( ) — 59KB

is amended and supplemented as follows

Item 4 is amended and supplemented as follows: On March 22, 2024, YGA exercised on a cashless basis Series C Warrants to purchase 436,861 Shares on behalf of certain funds affiliated with YGA for $0.01 per share in accordance with the Series C Warrant Agreement entered into in connection with the issuance of the Series C Warrants on March 22, 2021. The Issuer withheld 794 Shares representing the aggregate exercise price and issued the remaining 436,067 Shares as follows: 30,781 to York Capital, 51,302 to York Credit Opportunities, 58,998 to York Credit Opportunities Master, 71,823 to FDAF Dislocated Asset Fund, 41,041 to York Multi-Strategy, 61,563 to York Tactical and 120,559 to York Tactical PIV-AN. Item 5. Interests in the Securities of the Issuer.

is amended and restated as follows

Item 5 is amended and restated as follows: The responses set forth on rows 7 through 13 of the cover pages of this Amendment No. 15 are incorporated by reference in this Item 5. The beneficial ownership information that follows in this Item 5 is as the date of this Amendment No. 15. (a) (i) YGA may, pursuant to Rule 13d-3 under the Exchange Act, be deemed to be the beneficial owner of 57,774,102 Shares in the aggregate, which represent approximately 22.5% of the outstanding Shares (calculated based on 256,708,470 Shares outstanding as of March 4, 2024, as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 11, 2024 (the "Outstanding Shares"). (ii) York Capital may, pursuant to Rule 13d-3 under the Exchange Act, be deemed to be the beneficial owner of 6,728,584 Shares. As the general partner of York Capital, Dinan Management may be deemed to be the beneficial owner of the securities beneficially owned by York Capital. (iii) York Select Strategy may, pursuant to Rule 13d-3 under the Exchange Act, be deemed to be the beneficial owner of 0 Shares. As the general partner of York Select Strategy, York Select Domestic Holdings may be deemed to be the beneficial owner of the securities beneficially owned by York Select Strategy. (iv) York Credit Opportunities may, pursuant to Rule 13d-3 under the Exchange Act, be deemed to be the beneficial owner of 13,226,978 Shares. As the general partner of York Credit Opportunities, York Credit Opportunities Domestic may be deemed to be the beneficial owner of the securities beneficially owned by York Credit Opportunities. (v) York Credit Opportunities Master may, pursuant to Rule 13d-3 under the Exchange Act, be deemed to be the beneficial owner of 14,270,654 Shares. As the general partner of York Credit Opportunities Master, Dinan Management may be deemed to be the beneficial owner of the securities beneficially owned by York Credit Opportunities Master. (vi) FDAF Dislo

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: March 26, 2024 York Capital Management Global Advisors, LLC By: /s/ Brian Traficante Name: Brian Traficante Title: Managing Director & Chief Operating Officer, General Counsel EXHIBIT 1 DIRECTORS AND EXECUTIVE OFFICERS OF YORK CAPITAL MANAGEMENT GLOBAL ADVISORS, LLC. Name Title Principal Occupation Citizenship of Shares James G. Dinan Chairman and Chief Executive Officer 1330 Avenue of the Americas, 20th Floor New York, NY 10019 Investment management USA 234,877 William Vrattos Chief Investment Officer and Managing Partner 1330 Avenue of the Americas, 20th Floor New York, NY 10019 Investment management USA 273,598

View Full Filing

View this SC 13D/A filing on SEC EDGAR