HGC Next Inv LLC - 29 Jul 2024 Form 4 Insider Report for NextDecade Corp. (NEXT)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
31 Jul 2024, 16:17:03 UTC
Prior SEC filing
24 Jul 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
HGC NEXT INV LLC By: Hanwha Impact Partners Inc., its managing member By: /s/ Sunghyun Hong Name: Sunghyun Hong Title: President

Key filing fact

HGC Next Inv LLC filed Form 4 for NextDecade Corp. (NEXT) on 31 Jul 2024.

Key facts

  • This page summarizes HGC Next Inv LLC's Form 4 filing for NextDecade Corp. (NEXT).
  • 2 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 31 Jul 2024, 16:17.

Change

  • Previous filing in this sequence was filed on 24 Jul 2023.
  • Current net transaction value: +$87,681,818.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NEXT transaction

Common Stock

Purchase

Transaction value
$43,840,905
Shares
+5,845,454
Change %
+50%
Price
$7.50
Shares after
17,536,368
Date
29 Jul 2024
Ownership
Direct
Footnotes
F1, F2, F3
NEXT transaction

Common Stock

Purchase

Transaction value
$43,840,912
Shares
+5,845,455
Change %
+50%
Price
$7.50
Shares after
17,536,369
Date
29 Jul 2024
Ownership
Direct
Footnotes
F1, F3, F4
NEXT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
23,410,842
Date
29 Jul 2024
Ownership
Direct
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

On July 29, 2024, pursuant to the secondary block trade agreement, dated June 13, 2024, by and among Hanwha Ocean USA International LLC ("Hanwha Ocean LLC"), a Delaware limited liability company, and the sellers party thereto (the "Sellers"), and the secondary block trade agreement, dated June 13, 2024, by and among Hanwha Aerospace Co., Ltd. ("Hanwha Aerospace"), a corporation organized under the laws of the Republic of Korea, and the Sellers, Hanwha Ocean LLC and Hanwha Aerospace purchased an aggregate of 35,072,737 shares of common stock ("Common Stock"), par value $0.0001 per share, of NextDecade Corporation, for a purchase price of $7.50 per share from the Sellers as more fully described in the Amendment No. 3 to the Schedule 13D filed by HGC NEXT INV LLC ("HGC"), a Delaware limited liability company, on July 31, 2024.

Footnote F2

Reflects securities held directly by Hanwha Aerospace.

Footnote F3

This filing shall not be deemed an admission that the reporting persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise, or are subject to Section 16 of the Exchange Act, and each of the reporting persons disclaims beneficial ownership of the securities reported herein, except to the extent of their pecuniary interest therein.

Footnote F4

Reflects securities held directly by Hanwha Ocean LLC. Hanwha Ocean USA Holdings Corp. ("Hanwha Ocean Corp."), a Delaware corporation, is the sole member of Hanwha Ocean LLC, and Hanwha Ocean Co., Ltd., a corporation organized under the laws of the Republic of Korea, is the sole shareholder of Hanwha Ocean Corp.

Footnote F5

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.

SEC remarks

The reporting persons may be deemed members of a "group" (as such term is used in Section 13(d) of the Exchange Act and the rules promulgated thereunder) that beneficially owns more than 10% of the outstanding shares of Common Stock. Each of the reporting persons disclaims membership in any such group.

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