Form 4: York Capital Management Entities Exercise Warrants and Adjust Holdings in NextDecade Corp.

York Capital Management and affiliated entities exercised Series C warrants to purchase NextDecade Corp. common stock, resulting in adjustments to their beneficial ownership.

Summary

• On March 22, 2024, York Capital Management Global Advisors LLC (YGA) exercised Series C warrants on a cashless basis to purchase 436,861 shares of NextDecade Corporation's common stock at $0.01 per share.
• The warrants were exercised on behalf of several reporting persons, including York Capital Management, L.P., York Credit Opportunities Fund, L.P., and others.
• NextDecade withheld 794 shares to cover the aggregate exercise price.
• The remaining 436,067 shares were distributed among the various York entities.
• Following these transactions, the reporting persons adjusted their direct holdings of NextDecade common stock.
• The reporting persons disclaim beneficial ownership of the securities reported, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing warrant exercises and ownership adjustments, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and significant shareholders, providing transparency to the market.

Stakeholder Impact

• The warrant exercise could have a minor dilutive effect on existing shareholders.
• The increased holdings of York Capital and affiliated entities reinforce their position as significant stakeholders in NextDecade.

Key Dates