EX-99.1 2 brhc10038185_ex99-1.htm EXHIBIT 99.1
Exhibit 99.1


Name and Address of Reporting Person:
Bardin Hill Investment Partners LP
 
299 Park Ave., 24th Floor
 
New York, NY 10171
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction to be Reported
 
(Month/Day/Year):
May 24, 2022

Footnotes to Form 4

(1) This statement is being filed by the following Reporting Persons: HCN LP (“HCN”), HCN GP LLC (“HCN GP”), First Series of HDML Fund I LLC (“HDML”), Bardin Hill Event-Driven Master Fund LP (“Master Fund”), Bardin Hill Fund GP LLC (“Bardin Hill GP”), Bardin Hill Investment Partners LP (“Bardin Hill”), Avinash Kripalani, Jason Dillow, John Greene and Pratik Desai.

(2) HCN GP is the general partner of HCN. Bardin Hill GP is the general partner of Master Fund, Halcyon Mount Bonnell Fund LP (“Mount Bonnell”) and the investment member of HDML. Bardin Hill is the investment manager for each of HCN, HDML, Mount Bonnell, Halcyon Energy, Power and Infrastructure Capital Holdings LLC (“HEPI”) and Master Fund. Investment decisions of Bardin Hill are made by one or more of its portfolio managers, including Jason Dillow, John Greene and Pratik Desai, each of whom has individual decision-making authority.  Avinash Kripalani is a Partner at Bardin Hill and serves on the board of directors of the Issuer as Bardin Hill’s representative.

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

(4)  On May 24, 2022, Bardin Hill exercised Series B Warrants to purchase 83,098 shares of the Issuer’s common stock on behalf of certain of the Reporting Persons for $0.01 per share in accordance with the Series B Warrant Agreement, dated May 24, 2019, filed as Exhibit 19 to Amendment No. 9 to Schedule 13D filed by the Reporting Persons on May 29, 2019. The Issuer withheld 121 shares representing the aggregate exercise price and issued the remaining 82,977 shares as follows: 50,132 to HDML; 27,659 to HCN; and 5,186 to Master Fund.

(5) Represents shares held following the reported transactions as follows: 1,741,349 by HEPI; 708,391 by HDML; 4,140,724 by HCN; 338,038 by Master Fund; and 2,641,178 by Mount Bonnell.