York Capital Management Amends NextDecade Stake
Ticker: NEXT · Form: SC 13D/A · Filed: 2024-03-26T00:00:00.000Z
Sentiment: neutral
Topics: shareholder-activity, 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 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
What is the primary purpose of this SC 13D/A filing?
This filing is an amendment to a previous Schedule 13D, indicating a change in the beneficial ownership of NextDecade Corporation's common stock by York Capital Management Global Advisors, LLC.
Who is the filing entity and what company is the subject of the filing?
The filing entity is York Capital Management Global Advisors, LLC, and the subject company is NextDecade Corporation.
What is the CUSIP number for NextDecade Corporation's common stock?
The CUSIP number for NextDecade Corporation's common stock is 65342K105.
When was the filing made and what is the date as of which changes are reported?
The filing was made on March 26, 2024, and the date as of which changes are reported is also March 26, 2024.
Who are the legal counsel mentioned in the filing?
The filing mentions Kaitlin Descovich from Weil, Gotshal & Manges LLP as a contact for copies.
From the Filing
0001140361-24-015368.txt : 20240326 0001140361-24-015368.hdr.sgml : 20240326 20240326172721 ACCESSION NUMBER: 0001140361-24-015368 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240326 DATE AS OF CHANGE: 20240326 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NextDecade Corp. CENTRAL INDEX KEY: 0001612720 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 465723951 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88779 FILM NUMBER: 24784822 BUSINESS ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3900 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135741880 MAIL ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3900 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: Harmony Merger Corp. DATE OF NAME CHANGE: 20140703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: York Capital Management Global Advisors, LLC CENTRAL INDEX KEY: 0001480532 ORGANIZATION NAME: IRS NUMBER: 161757441 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1330 AVENUE OF THE AMERICAS STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-300-1300 MAIL ADDRESS: STREET 1: 1330 AVENUE OF THE AMERICAS STREET 2: 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 ef20025085_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 15)   NextDecade Corporation (Name of Issuer) Common Stock, par value $0.0001 per share (Title of class of securities) 65342K105 (CUSIP number) York Capital Management Global Advisors LLC 1330 Avenue of the Americas, 20th Floor New York, NY 10019 Telephone: (212) 300-1300 with copies to: Kaitlin Descovich Weil, Gotshal & Manges LLP 2000 M Street NW Washington, DC 20026 Telephone: (202) 682-7000 (Name, address and telephone number of person authorized to receive notices and communications)   March 22, 2024 (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §240.13d-1(e), §240.13d-1(f) or §240.13d-1(g), check the following box ☐ .   Schedule 13D CUSIP No. 65342K105     1 NAMES OF REPORTING PERSONS     York Capital Management Global Advisors, LLC         2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐   (b) ☒     3 SEC USE ONLY               4 SOURCE OF FUNDS (SEE INSTRUCTIONS)     OO         5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)   ☐           6 CITIZENSHIP OR PLACE OF ORGANIZATION     Delaware         NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER     0 (see Item 5)         8 SHARED VOTING POWER     57,774,102 (see Item 5)         9 SOLE DISPOSITIVE POWER     0 (see Item 5)         10 SHARED DISPOSITIVE POWER     57,774,102 (see Item 5)         11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON     57,774,102 (see Item 5)         12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)   ☐           13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)     22.5% (see Item 5)         14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)