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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 Form 4 filing with the Securities and Exchange Commission. The transactions, all coded as "P" for purchase, totaled $6,323,821.
The purchases occurred over three days. On November 17, 2025, Hanwha Aerospace bought 295,875 shares at a weighted average price of $5.8683, in a range of $5.7300 to $6.1300. The following day, November 18, the company acquired 462,576 shares at $5.9247, in a range of $5.8300 to $6.0150. On November 19, Hanwha Aerospace completed the series of purchases with 305,973 shares at $6.0362, in a range of $5.9500 to $6.1550.
Following these transactions, Hanwha Aerospace directly owns 20,898,622 shares of NextDecade Corp. Additionally, it may be deemed to beneficially own 17,536,369 shares held directly by Hanwha Ocean LLC.
In other recent news, NextDecade Corporation has announced significant developments concerning its Rio Grande LNG project. The company has made positive Final Investment Decisions (FIDs) for Trains 4 and 5, securing approximately $13.4 billion in total project financing. Both trains are expected to have a production capacity of 6 million tonnes per annum, with Train 4 projected to complete in the second half of 2030 and Train 5 in the first half of 2031. Additionally, NextDecade has entered into an amended credit agreement with Atlantic Park Strategic Capital Master Fund II, L.P., which includes a new $50 million Series A term loan.
In corporate changes, Chief Financial Officer Brent Wahl will resign effective October 20, 2025, to join a digital infrastructure company. Mike Mott, Senior Vice President Enterprise Transformation, has been appointed as Interim CFO. Wahl will continue in a consulting role through the end of the year to ensure a smooth transition. These developments come as the company continues to advance its major LNG projects with substantial financial backing.
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