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Hanwha Aerospace Co., Ltd., a ten percent owner of NextDecade Corp (NASDAQ:NEXT), has made significant purchases of the company’s common stock, according to a recent Form 4 filing. Between November 20 and November 21, 2025, Hanwha Aerospace acquired a total of 767,107 shares for approximately $4.49 million.
The purchases were executed in two separate transactions. On November 20, 347,630 shares were bought at a weighted average price of $6.0205, with prices ranging from $6.1700 to $6.3600. The following day, November 21, an additional 419,477 shares were purchased at a weighted average price of $5.7275, in a range from $5.5700 to $5.8500.
Following these transactions, Hanwha Aerospace directly owns 21,665,729 shares of NextDecade Corp. Additionally, the company may be deemed to beneficially own 17,536,369 shares held directly by Hanwha Ocean LLC.
In other recent news, NextDecade Corporation has made significant strides in its Rio Grande LNG project. The company announced positive Final Investment Decisions (FIDs) for Trains 4 and 5, securing around $13.4 billion in total project financing. Train 4, with an estimated cost of $6.7 billion, is expected to produce 6 million tonnes per annum (MTPA) and reach substantial completion in the second half of 2030. Similarly, Train 5, also costing $6.7 billion, aims for a production capacity of 6 MTPA, with completion anticipated in the first half of 2031.
Additionally, NextDecade has initiated the pre-filing process with the Federal Energy Regulatory Commission (FERC) for an expansion of its Rio Grande LNG facility, which includes a sixth liquefaction train. The company plans to submit a full application to FERC in 2026. In financial developments, NextDecade’s subsidiary, Rio Grande LNG Super Holdings, LLC, has entered into an amended credit agreement, securing a new $50 million loan with Atlantic Park Strategic Capital Master Fund II, L.P. This agreement recharacterizes $50 million of existing loan principal and offers conversion options to NextDecade common stock.
These developments highlight NextDecade’s ongoing efforts to expand its LNG capabilities and secure necessary financing for its ambitious projects.
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