HGC Next Inv LLC - Jul 12, 2023 Form 3 Insider Report for NextDecade Corp. (NEXT)

Role: 10%+ Owner
Signature: HGC NEXT INV LLC By: Hanwha Impact Partners Inc., managing member By: /s/ Sunghyun Hong Name: Sunghyun Hong Title: President
Stock symbol: NEXT
Transactions as of: Jul 12, 2023
Transactions value $: $0
Form type: 3
Date filed: 7/24/2023, 09:17 AM
Next filing: Jul 31, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	NEXT	Common Stock						23.4M	Jul 12, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes (i) 12,786,975 shares of Issuer common stock ("Common Stock") being issued to HGC NEXT INV LLC ("HGC") in connection with the automatic conversion of its 63,934 shares of Series A Convertible Preferred Stock of the Issuer ("Series A Preferred Stock"), and (ii) 2,528,160 shares of Common Stock being issued to HGC in connection with the automatic conversion of its 12,767 shares of Series B Convertible Preferred Stock of the Issuer ("Series B Preferred Stock" and, together with the Series A Preferred Stock, the "Preferred Stock"). The automatic conversion of the Preferred Stock was triggered on July 12, 2023 pursuant to the Certificate of Designations for such Preferred Stock, and the Common Stock is expected to be issued on July 26, 2023.
F2	Reflects securities held directly by HGC. Hanwha Impact Partners Inc., a Delaware corporation ("HIP"), is the sole member of HGC, and Hanwha Impact Global Corporation, a corporation organized under the laws of the Republic of Korea, is the sole shareholder of HIP. The reporting persons disclaim beneficial ownership of the securities reported herein, except to the extent of their pecuniary interest therein.

Content

Includes (i) 12,786,975 shares of Issuer common stock ("Common Stock") being issued to HGC NEXT INV LLC ("HGC") in connection with the automatic conversion of its 63,934 shares of Series A Convertible Preferred Stock of the Issuer ("Series A Preferred Stock"), and (ii) 2,528,160 shares of Common Stock being issued to HGC in connection with the automatic conversion of its 12,767 shares of Series B Convertible Preferred Stock of the Issuer ("Series B Preferred Stock" and, together with the Series A Preferred Stock, the "Preferred Stock"). The automatic conversion of the Preferred Stock was triggered on July 12, 2023 pursuant to the Certificate of Designations for such Preferred Stock, and the Common Stock is expected to be issued on July 26, 2023.

Reflects securities held directly by HGC. Hanwha Impact Partners Inc., a Delaware corporation ("HIP"), is the sole member of HGC, and Hanwha Impact Global Corporation, a corporation organized under the laws of the Republic of Korea, is the sole shareholder of HIP. The reporting persons disclaim beneficial ownership of the securities reported herein, except to the extent of their pecuniary interest therein.