SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
York Capital Management Global Advisors, LLC

(Last) (First) (Middle)
767 FIFTH AVENUE
17TH FLOOR

(Street)
NEW YORK NY 10153

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NextDecade Corp. [ NEXT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/17/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series C Convertible Preferred Stock $2.9632(6) 03/17/2021 A 12,240(4) (5) (5) Common Stock, $ 0.0001 par value 4,130,669(6)(7) $1,000 12,240 I See footnotes(1)(2)(3)
Series C Warrants $0.01(10) 03/17/2021 A 253,931(9) (10) (10) Common Stock, $ 0.0001 par value 253,931(8)(11) (12) 253,931 I See footnotes(1)(2)(3)
1. Name and Address of Reporting Person*
York Capital Management Global Advisors, LLC

(Last) (First) (Middle)
767 FIFTH AVENUE
17TH FLOOR

(Street)
NEW YORK NY 10153

(City) (State) (Zip)
1. Name and Address of Reporting Person*
York Tactical Energy Fund, L.P.

(Last) (First) (Middle)
C/O YORK CAPITAL MANAGEMENT, L.P.
767 FIFTH AVENUE, 17TH FLOOR

(Street)
NEW YORK NY 10153

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Vrattos William C

(Last) (First) (Middle)
C/O YORK CAPITAL MGMT GLOBAL ADVISORS
767 FIFTH AVENUE, 17TH FLOOR

(Street)
NEW YORK NY 10153

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Skafidas Thanasi

(Last) (First) (Middle)
C/O YORK CAPITAL MANAGEMENT
767 FIFTH AVENUE, 17TH FLOOR

(Street)
NEW YORK NY 10153

(City) (State) (Zip)
1. Name and Address of Reporting Person*
York Tactical Energy Holdings, LLC

(Last) (First) (Middle)
C/O YORK CAPITAL MANAGEMENT LP,
767 FIFTH AVENUE, 17TH FLOOR

(Street)
NEW YORK NY 10153

(City) (State) (Zip)
Explanation of Responses:
1. See Exhibit 99.1 for text of footnote (1).
2. See Exhibit 99.1 for text of footnote (2).
3. See Exhibit 99.1 for text of footnote (3).
4. See Exhibit 99.1 for text of footnote (4).
5. See Exhibit 99.1 for text of footnote (5).
6. See Exhibit 99.1 for text of footnote (6).
7. See Exhibit 99.1 for text of footnote (7).
8. See Exhibit 99.1 for text of footnote (8).
9. See Exhibit 99.1 for text of footnote (9).
10. See Exhibit 99.1 for text of footnote (10).
11. See Exhibit 99.1 for text of footnote (11).
12. See Exhibit 99.1 for text of footnote (12).
Remarks:
Exhibit 99.1 (Footnotes) and Exhibit 99.2 (Joint Filer Information and Signatures) are incorporated herein by reference. This Form 4 is the second of two Forms 4 being filed relating to the same event. The Form 4 has been split into two filings because there are more than ten Reporting Persons in total, and the SEC's EDGAR filing system limits a single Form 4 to a maximum of ten Reporting Persons. Each Form 4 will be filed by Designated Filer York Capital Management Global Advisors LLC.
See Exhibit 99.2 for Signatures 03/19/2021
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Exhibit 99.1

Name and Address of Reporting Person:
York Capital Management Global Advisors LLC
 
767 Fifth Avenue
 
New York, NY 10153
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction to be Reported
 
(Month/Day/Year):
March 17, 2021

Footnotes to Form 4

(1) This statement is being filed by the following Reporting Persons: York Capital Management Global Advisors LLC (“YGA”); York Capital Management, L.P. (“York Capital”); York Credit Opportunities Fund, L.P. (“York Credit Opportunities”); York Credit Opportunities Investments Master Fund, L.P. (York Credit Opportunities Master”); York Select Strategy Master Fund, L.P. (“York Select Strategy”); York Select Domestic Holdings LLC (“York Select Domestic Holdings”); York European Distressed Credit Fund II, L.P. (“York European Fund”); York Multi-Strategy Master Fund, L.P. (“York Multi-Strategy”); York Tactical Energy Fund PIV-AN, L.P. (“York Tactical”); York Tactical Energy Fund, L.P. (“York Tactical”); Dinan Management, L.L.C. (“Dinan Management”); York Credit Opportunities Domestic Holdings, LLC (“York Credit Opportunities Domestic”); York European Distressed Credit Holdings II, LLC (“York European Holdings”); York Tactical Energy Holdings, LLC (“York Tactical Holdings”); William Vrattos and Thanasi Skafidas.

(2) YGA is the sole managing member of: Dinan Management, which in turn is the general partner of each of York Capital, York Credit Opportunities Master and York Multi-Strategy; York Select Domestic Holdings, which in turn is the general partner of York Select Strategy; York European Holdings, which in turn is the general partner of York European Fund; York Credit Opportunities Domestic, which in turn is the general partner of York Credit Opportunities; and York Tactical Holdings, which in turn is the general partner of York Tactical PIV-AN and York Tactical.. Mr. Vrattos is a Partner and Co-Chief Investment Officer at York Capital and director of the Issuer.

(3) Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of its or his pecuniary interest.

(4) Represents 880 shares of Series C Convertible Preferred Stock (the “Series C Preferred Shares”) issuable to York Capital (comprised of 863 to be issued for $1,000 per share and 17 to be issued as the origination fee), 1,160 Series C Preferred Shares issuable to York Multi-Strategy (comprised of 1,137 to be issued for $1,000 per share and 23 to be issued as the origination fee), 1,428 Series C Preferred issued to York Credit Opportunities (comprised of 1,400  to be issued for $1,000 per share and 28 to be issued as an origination fee), 1,632 Series C Preferred Shares issuable to York Credit Opportunities Master (comprised of 1,600 to be issued for $1,000 per share and 32 to be issued as an origination fee), 2,040 Series C Preferred Shares issuable to York European Fund (comprised of 2,000 to be issued for $1,000 per share and 40 to be issued as an origination fee), 1,700 Series C Preferred Shares issuable to York Tactical (comprised of 1,667 to be issued for $1,000 per share and 33 to be issued as an origination fee), and 3,400 issuable to York Tactical PIV-AN (comprised of 3,333 to be issued for $1,000 per shares and 67 in each case, pursuant to that certain Series C Convertible Preferred Stock Purchase Agreement, by and among York Capital, York Multi-Strategy, York Credit Opportunities, York Credit Opportunities Master, York European Fund, York Credit Opportunities Domestic, York Tactical, York Tactical PIV-AN and the Issuer, dated as of March 17, 2021 (the “Series C Purchase Agreement”) filed by YGA as Exhibit 10.31 to Amendment No. 9 to Schedule 13D.

(5) The Issuer has the option to convert all, but not less than all of the Series C Preferred Shares into shares of Common Stock at a conversion price of $2.9632 per share, subject to adjustments, on any date on which the volume weighted average trading price of Common Stock for each trading day during any 60 of the prior 90 trading days is equal to or greater than 175% of the applicable conversion price, subject to adjustments and certain terms and conditions, pursuant to the Certificate of Designations, filed by the Issuer as Exhibit 3.1 to the Current Report on Form 8-K filed on March 18, 2021 (the “Certificate of Designations”). The Issuer must convert all Series C Preferred Shares into shares of Common Stock at a conversion price of $2.9632 on the earlier of (i) 10 business days following a FID Event (as defined in the Series C Certificate of Designations) and (ii) the 10 year anniversary of the closing date under the Series C Purchase Agreement (the “Closing Date”), in each case, subject to adjustments, including for dividends, as specified in the Certificate of Designations.


(6)  Subject to certain adjustments as specified in the Certificate of Designations.

(7) Convertible initially into 4,130,669 shares of Common Stock, which represents: 296,976 shares issuable to York Capital upon conversion; 481,911 shares issuable to York Credit Opportunities upon conversion; 550,755 shares issuable to York Credit Opportunities Master upon conversion; 688,444 shares issuable to York European Fund upon conversion; 391,498 shares issuable to York Multi-Strategy upon conversion; 1,147,408 shares issuable to York Tactical PIV-AN upon conversion; and 573,704 shares issuable to York Tactical upon conversion.

(8) Subject to certain adjustments as specified in the Series C Warrant Agreement contemplated by the Series C Purchase Agreement (the “Series C Warrant Agreement”), filed by the Issuer as Exhibit 4.1 to the Current Report on Form 8-K filed on March 18, 2021.

(9) Represents 17,924 warrants issuable to York Capital, 29,874 warrants issuable to York Credit Opportunities, 34,356 warrants issuable to York Credit Opportunities, 41,824 warrants issuable to York European Fund, 23,899 warrants issuable to York Multi-Strategy, 70,205 warrants issuable to York Tactical PIV-AN, and 35,849 warrants issuable to York Tactical, in each case, with the Series C Preferred Shares pursuant to the Series C Purchase Agreement.

(10) Exercisable by holder before 5 p.m. Central Standard time on the third anniversary of the Closing Date.  Prior to such date, the Issuer can force mandatory exercise if the volume weighted average trading price of shares of Common Stock for each trading day during any 60 of the 90 prior trading days is equal to or greater than 175% of the conversion price of the Issuer’s Series A Convertible Preferred Stock and Series B Convertible Preferred Stock, in each case, subject to adjustments as specified in the Series C Warrant Agreement.

(11) Exercisable initially into an equal number of shares of Common Stock, subject to adjustments as specified in the Series C Warrant Agreement.

(12) The warrants are issuable with the Series C Preferred Shares for no additional consideration.




Exhibit 99.2

Joint Filer Information

Name of Joint Filer:
York Capital Management Global Advisors, LLC
   
Address of Joint Filer:
767 Fifth Avenue, 17th Floor
 
New York, NY 10153
   
Relationship of Joint Filer to Issuer:
Director, 10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction Required
 
to be Reported (Month/Day/Year):
March 17, 2021
   
Designated Filer:
York Capital Management Global Advisors, LLC

Signature:

York Capital Management Global Advisors, LLC

/s/ Brian Traficante
   
Name:  Brian Traficante
 
Title:   General Counsel and Chief Compliance Officer
 
   
March 19, 2021
 
Date
 


Exhibit 99.2

Joint Filer Information

Name of Joint Filer:
York Capital Management, L.P.
   
Address of Joint Filer:
767 Fifth Avenue, 17th Floor
 
New York, NY 10153
   
Relationship of Joint Filer to Issuer:
Director, 10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction Required
 
to be Reported (Month/Day/Year):
March 17, 2021
   
Designated Filer:
York Capital Management Global Advisors, LLC

Signature:

York Capital Management, L.P.
By: Dinan Management, L.L.C., its general partner

/s/ Brian Traficante    
Name:  Brian Traficante
 
Title:   General Counsel and Chief Compliance Officer
 
   
March 19, 2021
 
Date
 
 

Exhibit 99.2

Joint Filer Information

Name of Joint Filer:
Dinan Management, L.L.C.
   
Address of Joint Filer:
c/o York Capital Management L.P.
 
767 Fifth Avenue, 17th Floor
 
New York, NY 10153
   
Relationship of Joint Filer to Issuer:
Director, 10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction Required
 
to be Reported (Month/Day/Year):
March 17, 2021
   
Designated Filer:
York Capital Management Global Advisors, LLC

Signature:

Dinan Management, L.L.C.

/s/ Brian Traficante    
Name:  Brian Traficante
 
Title:   General Counsel and Chief Compliance Officer
 
   
March 19, 2021
 
Date
 
 

Exhibit 99.2

Joint Filer Information

Name of Joint Filer:
York Multi-Strategy Master Fund, L.P.
   
Address of Joint Filer:
c/o York Capital Management, L.P.
 
767 Fifth Avenue, 17th Floor
 
New York, NY 10153
   
Relationship of Joint Filer to Issuer:
Director, 10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction Required
 
to be Reported (Month/Day/Year):
March 17, 2021
   
Designated Filer:
York Capital Management Global Advisors, LLC

Signature:

York Multi-Strategy Master Fund, L.P.
By: Dinan Management, its general partner

/s/ Brian Traficante    
Name:  Brian Traficante
 
Title:   General Counsel and Chief Compliance Officer
 
   
March 19, 2021
 
Date
 


Exhibit 99.2

Joint Filer Information

Name of Joint Filer:
York Credit Opportunities Fund, L.P.
   
Address of Joint Filer:
c/o York Capital Management, L.P.
 
767 Fifth Avenue, 17th Floor
 
New York, NY 10153
   
Relationship of Joint Filer to Issuer:
Director, 10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction Required
 
to be Reported (Month/Day/Year):
March 17, 2021
   
Designated Filer:
York Capital Management Global Advisors, LLC

Signature:

York Credit Opportunities Fund, L.P.
By:York Credit Opportunities Domestic Holdings, LLC, its general partner

/s/ Brian Traficante    
Name:  Brian Traficante
 
Title:   General Counsel and Chief Compliance Officer
 
   
March 19, 2021
 
Date
 
 

Exhibit 99.2

Joint Filer Information

Name of Joint Filer:
York Credit Opportunities Investments Master Fund, L.P.
   
Address of Joint Filer:
c/o York Capital Management, L.P.
 
767 Fifth Avenue, 17th Floor
 
New York, NY 10153
   
Relationship of Joint Filer to Issuer:
Director, 10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction Required
 
to be Reported (Month/Day/Year):
March 17, 2021
   
Designated Filer:
York Capital Management Global Advisors, LLC

Signature:

York Credit Opportunities Investments Master Fund, L.P.
By: York Credit Opportunities Domestic Holdings, LLC, its general partner

/s/ Brian Traficante    
Name:  Brian Traficante
 
Title:   General Counsel and Chief Compliance Officer
 
   
March 19, 2021
 
Date
 
 

Exhibit 99.2

Joint Filer Information

Name of Joint Filer:
York Credit Opportunities Domestic Holdings, LLC
   
Address of Joint Filer:
c/o York Capital Management, L.P.
 
767 Fifth Avenue, 17th Floor
 
New York, NY 10153
   
Relationship of Joint Filer to Issuer:
Director, 10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction Required
 
to be Reported (Month/Day/Year):
March 17, 2021
   
Designated Filer:
York Capital Management Global Advisors, LLC

Signature:

York Credit Opportunities Domestic Holdings, LLC

/s/ Brian Traficante    
Name:  Brian Traficante
 
Title:   General Counsel and Chief Compliance Officer
 
   
March 19, 2021
 
Date
 
 

Exhibit 99.2

Joint Filer Information

Name of Joint Filer:
York European Distressed Credit Fund II, L.P.
   
Address of Joint Filer:
c/o York Capital Management, L.P.
 
767 Fifth Avenue, 17th Floor
 
New York, NY 10153
   
Relationship of Joint Filer to Issuer:
Director, 10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction Required
 
to be Reported (Month/Day/Year):
March 17, 2021
   
Designated Filer:
York Capital Management Global Advisors, LLC

Signature:

York European Distressed Credit Fund II, L.P.
By: Dinan Management, L.L.C., its general partner

/s/ Brian Traficante    
Name:  Brian Traficante
 
Title:   General Counsel and Chief Compliance Officer
 
   
March 19, 2021
 
Date
 


Exhibit 99.2

Joint Filer Information

Name of Joint Filer:
York European Distressed Credit Holdings II, LLC
   
Address of Joint Filer:
c/o York Capital Management, L.P.
 
767 Fifth Avenue, 17th Floor
 
New York, NY 10153
   
Relationship of Joint Filer to Issuer:
Director, 10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction Required
 
to be Reported (Month/Day/Year):
March 17, 2021
   
Designated Filer:
York Capital Management Global Advisors, LLC

Signature:

York European Distressed Credit Holdings II, LLC

/s/ Brian Traficante    
Name:  Brian Traficante
 
Title:   General Counsel and Chief Compliance Officer
 
   
March 19, 2021
 
Date
 


Exhibit 99.2

Joint Filer Information

Name of Joint Filer:
York Tactical Energy Fund PIV-AN, L.P..
   
Address of Joint Filer:
c/o York Capital Management, L.P.
 
767 Fifth Avenue, 17th Floor
 
New York, NY 10153
   
Relationship of Joint Filer to Issuer:
Director, 10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction Required
 
to be Reported (Month/Day/Year):
March 17, 2021
   
Designated Filer:
York Capital Management Global Advisors, LLC

Signature:

York Tactical Energy Fund PIV-AN, L.P..
By: York Tactical Energy Holdings, LLC, its genera partner

/s/ Brian Traficante    
Name:  Brian Traficante
 
Title:   General Counsel and Chief Compliance Officer
 
   
March 19, 2021
 
Date
 


Exhibit 99.2

Joint Filer Information

Name of Joint Filer:
York Tactical Energy Fund, L.P..
   
Address of Joint Filer:
c/o York Capital Management, L.P.
 
767 Fifth Avenue, 17th Floor
 
New York, NY 10153
   
Relationship of Joint Filer to Issuer:
Director, 10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction Required
 
to be Reported (Month/Day/Year):
March 17, 2021
   
Designated Filer:
York Capital Management Global Advisors, LLC

Signature:

York Tactical Energy Fund, L.P..
By: York Tactical Energy Holdings, LLC, its general partner

/s/ Brian Traficante    
Name:  Brian Traficante
 
Title:   General Counsel and Chief Compliance Officer
 
   
March 19, 2021
 
Date
 


Exhibit 99.2

Joint Filer Information

Name of Joint Filer:
York Tactical Energy Holdings, LLC
   
Address of Joint Filer:
c/o York Capital Management, L.P.
 
767 Fifth Avenue, 17th Floor
 
New York, NY 10153
   
Relationship of Joint Filer to Issuer:
Director, 10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction Required
 
to be Reported (Month/Day/Year):
March 17, 2021
   
Designated Filer:
York Capital Management Global Advisors, LLC

Signature:

York Tactical Energy Holdings, LLC

/s/ Brian Traficante    
Name:  Brian Traficante
 
Title:   General Counsel and Chief Compliance Officer
 
   
March 19, 2021
 
Date
 



Exhibit 99.2

Joint Filer Information

Name of Joint Filer:
William Vrattos
   
Address of Joint Filer:
c/o York Capital Management, L.P.
 
767 Fifth Avenue, 17th Floor
 
New York, NY 10153
   
Relationship of Joint Filer to Issuer:
Director
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction Required
 
to be Reported (Month/Day/Year):
March 17, 2021
   
Designated Filer:
York Capital Management Global Advisors, LLC

Signature:

/s/ William Vrattos    
Name:  William Vrattos
 
   
March 19, 2021
 
Date
 


Exhibit 99.2

Joint Filer Information

Name of Joint Filer:
Thanasi Skafidas
   
Address of Joint Filer:
c/o York Capital Management, L.P.
 
767 Fifth Avenue, 17th Floor
 
New York, NY 10153
   
Relationship of Joint Filer to Issuer:
Director
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction Required
 
to be Reported (Month/Day/Year):
March 17, 2021
   
Designated Filer:
York Capital Management Global Advisors, LLC

Signature:

/s/ Thanasi Skafidas    
Name:  Thanasi Skafidas
 
   
March 19, 2021
 
Date