York Capital Management Amends NextDecade Stake
Ticker: NEXT · Form: SC 13D/A · Filed: Jun 17, 2024 · CIK: 1612720
| Field | Detail |
|---|---|
| Company | Nextdecade CORP. (NEXT) |
| Form Type | SC 13D/A |
| Filed Date | Jun 17, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
Related Tickers: NEXT
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 regarding NextDecade Corporation. The filing, dated June 17, 2024, indicates a change in beneficial ownership. York Capital Management Global Advisors, LLC is based in New York, NY.
Why It Matters
This amendment signals a potential shift in significant shareholder influence or strategy for NextDecade Corporation, which could impact its stock performance and future business decisions.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, which can introduce volatility.
Key Players & Entities
- York Capital Management Global Advisors, LLC (company) — Filing entity
- NextDecade Corporation (company) — Subject company
- 20240617 (date) — Filing date
FAQ
What is the primary purpose of this SC 13D/A filing?
This filing is an amendment to a Schedule 13D, indicating a change in the beneficial ownership of NextDecade Corporation's securities by York Capital Management Global Advisors, LLC.
Who is the filing entity and what is their address?
The filing entity is York Capital Management Global Advisors, LLC, located at 1330 Avenue of the Americas, 20th Floor, New York, NY 10019.
What is the subject company and its CUSIP number?
The subject company is NextDecade Corporation, with CUSIP number 65342K105.
When was this amendment filed?
This amendment was filed on June 17, 2024.
What is the previous name of NextDecade Corporation?
NextDecade Corporation was formerly known as Harmony Merger Corp. prior to a name change on July 3, 2014.
Filing Stats: 836 words · 3 min read · ~3 pages · Grade level 11.1 · Accepted 2024-06-17 17:08:46
Key Financial Figures
- $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of class of securitie
Filing Documents
- ef20031191_sc13da.htm (SC 13D/A) — 42KB
- ef20031191_ex32.htm (EX-99.32) — 71KB
- ef20031191_ex33.htm (EX-99.33) — 71KB
- 0001140361-24-030367.txt ( ) — 186KB
is amended and supplemented as follows
Item 4 is amended and supplemented as follows: On June 13, 2024, the York Funds entered into the Hanwha Agreements (as defined below) and agreed to sell Shares to Hanwha Aerospace Co., Ltd. ("Hanwha Aerospace") and Hanwha Ocean USA International LLC ("Hanwha Ocean") in accordance with the terms of such agreements, as further described below. Accordingly, the Reporting Person intends to sell Shares pursuant to the Hanwha Agreements. As previously described in Amendment No. 13, the Reporting Person may at any time or from time to time dispose of Shares, subject to market conditions and legal and regulatory requirements, but reserves the right to change its plans at any time, as it deems appropriate. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
is amended and supplemented as follows
Item 6 is amended and supplemented as follows: On June 13, 2024, the York Funds entered into Secondary Block Trade Agreements (the "Hanwha Agreements") with each of Hanwha Aerospace and Hanwha Ocean. Pursuant to the Hanwha Agreements, the York Funds have agreed to sell and Hanwha Aerospace and Hanwha Ocean have agreed to purchase up to 35,072,737 Shares at a price per share calculated based on the arithmetic average of the Daily VWAP (as defined in each of the Hanwha Agreements) of the Shares during an observation period (the "Observation Period"). The Observation Period began on June 13, 2024, and ends on the date on which the waiting period (and any extension thereof) applicable to the consummation of the transactions contemplated by the Hanwha Agreements under the Hart-Scott Rodino Antitrust Improvements Act of 1976, as amended, and the regulations promulgated thereunder ("HSR"), expires or is terminated (the "HSR Clearance Date"). The closing of the transactions contemplated by the Hanwha Agreements (the "Closing") is subject to customary closing conditions, including HSR clearance. The Closing is anticipated to occur within two business days following the HSR Clearance Date. Item 7. Material to Be Filed as Exhibits
is amended and supplemented as follows
Item 7 is amended and supplemented as follows: 32* Secondary Block Trade Agreement, dated June 13, 2024, by and between the Reporting Person and Hanwha Aerospace Co., Ltd.+ 33* Secondary Block Trade Agreement, dated June 13, 2024, by and between the Reporting Person and Hanwha Ocean USA International LLC.+ * Filed herewith. + Certain schedules to this agreement have been omitted. A copy of any omitted schedule will be furnished to the Securities and Exchange Commission upon request.
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: June 17, 2024 York Capital Management Global Advisors, LLC By: /s/ Brian Traficante Name: Brian Traficante Title: Managing Director & Chief Operating Officer, General Counsel and Chief Compliance Officer