HGC Next Inv LLC Amends Stake in NextDecade Corp.

Ticker: NEXT · Form: SC 13D/A · Filed: 2024-06-17T00:00:00.000Z

Sentiment: neutral

Topics: ownership-change, sec-filing, amendment

Related Tickers: NEXT

TL;DR

HGC Next Inv LLC updated its NextDecade stake filing on 6/17/24. Keep an eye on this.

AI Summary

HGC Next Inv LLC, an affiliate of HGCapital, has amended its Schedule 13D filing regarding NextDecade Corporation. The filing, dated June 17, 2024, indicates a change in beneficial ownership. Shawn Kim is listed as the person authorized to receive notices and communications for HGC Next Inv LLC.

Why It Matters

This amendment signals a potential shift in the ownership structure or strategy of NextDecade Corporation, which could influence its future operations and stock performance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate strategic shifts or potential activist involvement, which may impact stock volatility.

Key Players & Entities

FAQ

What is the specific change in beneficial ownership reported in this amendment?

The filing is an amendment to a Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change (e.g., percentage increase/decrease, number of shares) are not explicitly stated in the provided header information.

Who is HGC Next Inv LLC and what is its relationship to NextDecade Corporation?

HGC Next Inv LLC is the entity filing the Schedule 13D/A, and it is identified as an affiliate of HGCapital. The filing concerns their beneficial ownership of NextDecade Corporation's common stock.

When was this amendment filed?

This amendment (Amendment No. 2) was filed on June 17, 2024.

What is the CUSIP number for NextDecade Corporation's common stock?

The CUSIP number for NextDecade Corporation's common stock is 65342K 105.

Who is listed as the person authorized to receive notices for the filing?

Shawn Kim, located at 280 Park Avenue, 23rd Floor East Tower, New York, New York, is listed as the person authorized to receive notices and communications.

From the Filing

0001341004-24-000119.txt : 20240617 0001341004-24-000119.hdr.sgml : 20240617 20240617215124 ACCESSION NUMBER: 0001341004-24-000119 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240617 DATE AS OF CHANGE: 20240617 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: 241050068 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: HGC Next Inv LLC CENTRAL INDEX KEY: 0001964891 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 501 2ND STREET, SUITE 500 CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: 415-605-0200 MAIL ADDRESS: STREET 1: 501 2ND STREET, SUITE 500 CITY: SAN FRANCISCO STATE: CA ZIP: 94107 SC 13D/A 1 sc13da2.htm SCHEDULE 13D, AMENDMENT NO. 2   UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)*     NextDecade Corporation (Name of Issuer) Common Stock, $0.0001 Par Value (Title of Class of Securities) 65342K 105 (CUSIP Number) Shawn Kim 280 Park Avenue, 23rd Floor East Tower New York, New York (929) 415-4433 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) Copies to:   Eric C. Otness, Esq. Skadden, Arps, Slate, Meagher & Flom LLP 1000 Louisiana, Suite 6800 Houston, Texas 77002-5026 Tel.: (713) 655-5100 June 13, 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 that 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.   ☐ * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1. Names of Reporting Persons.   HGC NEXT INV LLC 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)   ☐         (b)   ☒   3. SEC Use Only       4. Source of Funds (See Instructions)   AF 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e)   ☐ 6. Citizenship or Place of Organization   Delaware Number of Shares Beneficially Owned by Each Reporting Persons With 7. Sole Voting Power   0 8. Shared Voting Power   23,410,842 9. Sole Dispositive Power   0 10. Shared Dispositive Power   23,410,842 11. Aggregate Amount Beneficially Owned by Each Reporting Person   23,410,842 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   &#974

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