0001140361-23-034624.txt : 20230714 0001140361-23-034624.hdr.sgml : 20230714 20230714165005 ACCESSION NUMBER: 0001140361-23-034624 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230712 FILED AS OF DATE: 20230714 DATE AS OF CHANGE: 20230714 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: VALINOR CAPITAL PARTNERS, L.P. CENTRAL INDEX KEY: 0001401387 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36842 FILM NUMBER: 231089607 BUSINESS ADDRESS: STREET 1: VALINOR MANAGEMENT, L.P. STREET 2: 405 LEXINGTON AVENUE, 34TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10174 BUSINESS PHONE: 212-918-5226 MAIL ADDRESS: STREET 1: VALINOR MANAGEMENT, L.P. STREET 2: 405 LEXINGTON AVENUE, 34TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10174 FORMER NAME: FORMER CONFORMED NAME: VALINOR CAPITAL MANAGEMENT, L.P. DATE OF NAME CHANGE: 20160727 FORMER NAME: FORMER CONFORMED NAME: VALINOR CAPITAL PARTNERS, L.P. DATE OF NAME CHANGE: 20070530 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: VALINOR MANAGEMENT, L.P. CENTRAL INDEX KEY: 0001401388 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36842 FILM NUMBER: 231089610 BUSINESS ADDRESS: STREET 1: 405 LEXINGTON AVENUE, 34TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10174 BUSINESS PHONE: 212-918-5245 MAIL ADDRESS: STREET 1: 405 LEXINGTON AVENUE, 34TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10174 FORMER NAME: FORMER CONFORMED NAME: VALINOR MANAGEMENT, LLC DATE OF NAME CHANGE: 20070530 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Valinor Associates, LLC CENTRAL INDEX KEY: 0001713363 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36842 FILM NUMBER: 231089608 BUSINESS ADDRESS: STREET 1: C/O VALINOR MANAGEMENT, L.P. STREET 2: 510 MADISON AVE., 25TH FL. CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-918-5226 MAIL ADDRESS: STREET 1: C/O VALINOR MANAGEMENT, L.P. STREET 2: 510 MADISON AVE., 25TH FL. CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Gallo David CENTRAL INDEX KEY: 0001601013 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36842 FILM NUMBER: 231089609 MAIL ADDRESS: STREET 1: 510 MADISON AVENUE STREET 2: 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: VALINOR CAPITAL PARTNERS OFFSHORE MASTER FUND, L.P. CENTRAL INDEX KEY: 0001452938 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36842 FILM NUMBER: 231089606 BUSINESS ADDRESS: STREET 1: C/O MORGAN STANLEY FUND SERVICES(CAYMAN) STREET 2: CAYMAN CORPORATE CENTER, 27 HOSPITAL RD CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-9008 BUSINESS PHONE: 212-918-5245 MAIL ADDRESS: STREET 1: C/O MORGAN STANLEY FUND SERVICES(CAYMAN) STREET 2: CAYMAN CORPORATE CENTER, 27 HOSPITAL RD CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-9008 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NextDecade Corp. CENTRAL INDEX KEY: 0001612720 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION & DISTRIBUTION [4923] IRS NUMBER: 465723951 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3900 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7135741880 MAIL ADDRESS: STREET 1: 1000 LOUISIANA STREET STREET 2: SUITE 3900 CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: Harmony Merger Corp. DATE OF NAME CHANGE: 20140703 4 1 form4.xml X0407 4 2023-07-12 true 0001612720 NextDecade Corp. NEXT 0001401388 VALINOR MANAGEMENT, L.P. 405 LEXINGTON AVENUE 34TH FLOOR NEW YORK NY 10174 true 0001601013 Gallo David C/O VALINOR MANAGEMENT L.P. 405 LEXINGTON AVENUE, 34TH FLOOR NEW YORK NY 10174 true 0001713363 Valinor Associates, LLC C/O VALINOR MANAGEMENT L.P. 405 LEXINGTON AVENUE, 34TH FLOOR NEW YORK NY 10174 true 0001401387 VALINOR CAPITAL PARTNERS, L.P. C/O VALINOR MANAGEMENT L.P. 405 LEXINGTON AVENUE, 34TH FLOOR NEW YORK NY 10174 true 0001452938 VALINOR CAPITAL PARTNERS OFFSHORE MASTER FUND, L.P. C/O VALINOR MANAGEMENT L.P. 405 LEXINGTON AVENUE, 34TH FLOOR NEW YORK NY 10174 true false Common Stock, $ 0.0001 par value 2023-07-12 4 C 0 2896781 A 18066012 I See notes Common Stock, $ 0.0001 par value 307403 D Series A Convertible Preferred Stock 2023-07-12 4 C 0 1615 D Common Stock, $0.0001 par value 323138 0 I See notes Series B Convertible Preferred Stock 2023-07-12 4 C 0 2161 D Common Stock, $0.0001 par value 427983 0 I See notes Series A Convertible Preferred Stock 2023-07-12 4 C 0 4614 D Common Stock, $0.0001 par value 922821 0 I See notes Series B Convertible Preferred Stock 2023-07-12 4 C 0 6175 D Common Stock, $0.0001 par value 1222839 0 I See notes This statement is being filed by the following Reporting Persons: Valinor Management, L.P. ("Valinor Management"), Valinor Capital Partners, L.P. ("Valinor Capital"), Valinor Capital Partners Offshore Master Fund, L.P. ("Valinor Capital Offshore"), Valinor Associates, LLC ("Associates"), and David Gallo. Valinor Management serves as investment manager to Valinor Capital and Valinor Capital Offshore. David Gallo is the Founder, Managing Partner and Portfolio Manager of Valinor Management and is the managing member of Associates, which serves as general partner to Valinor Capital and Valinor Capital Offshore. Each of Valinor Management, Associates and David Gallo may be deemed to beneficially own the securities held by Valinor Capital and Valinor Capital Offshore and disclaims beneficial ownership of the reported equity securities, except to the extent of its or his pecuniary interest. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except as otherwise disclosed herein and except to the extent of its or his pecuniary interest. Represents shares directly held by David Gallo. As reported by the Issuer in its Form 8-K filed on July 12, 2023 (the "FID 8-K"), 1,615 shares of Series A and 2,161 shares of Series B Convertible Preferred Stock held by Valinor Capital will automatically convert into 323,138 and 427,983 shares of the Issuer's common stock, $0.0001 par value per share ("Common Stock"), respectively, ten business days following the qualifying FID Event that occurred on July 12, 2023 (as defined in the Certificate of Designations for the Issuer's Series A and Series B Convertible Preferred Stock) in accordance with the terms of the applicable Certificates of Designations (the "Mandatory Conversion"). As reported in the FID 8-K, 4,614 shares of Series A and 6,175 shares of Series B Convertible Preferred Stock held by Valinor Capital Offshore will automatically convert into 922,821 and 1,222,839 shares of Common Stock, respectively, in the Mandatory Conversion. The conversion price per share is $5.0021 and $5.0494 for the Series A Preferred Stock and Series B Preferred Stock, respectively, as adjusted pursuant to the applicable Certificate of Designations. Not applicable. Represents aggregate shares of Common Stock directly held following the Mandatory Conversion as follows: 4,616,596 by Valinor Capital; 13,142,013 by Valinor Capital Offshore; and 307,403 by David Gallo. Exhibit 99.1 (Joint Filer Information) is incorporated herein by reference. This Form 4 is filed by Designated Filer Valinor Management LP. See Exhibit 99.1 for signatures 2023-07-14 EX-99.1 2 brhc20055864_ex99-1.htm EXHIBIT 99.1
Exhibit 99.1

Joint Filer Information

Name of Joint Filer:
David Gallo
   
Address of Joint Filer:
c/o Valinor Management L.P.

405 Lexington Avenue, 34th Floor
 
New York, NY 10174
   
Relationship of Joint Filer to Issuer:
10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction to be Reported
  
(Month/Day/Year):
July 12, 2023
   
Designated Filer:
Valinor Management L.P.
   
Signature:
  

/s/ David Gallo  
Name:
 David Gallo
  

July 14, 2023
Date

Page 1 of 5
Exhibit 99.1

Joint Filer Information

Name of Joint Filer:
Valinor Associates, LLC
   
Address of Joint Filer:
c/o Valinor Management L.P.
  405 Lexington Avenue, 34th Floor
  New York, NY 10174
   
Relationship of Joint Filer to Issuer:
10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction to be Reported
  
(Month/Day/Year):
July 12, 2023
   
Designated Filer:
Valinor Management L.P.
   
Signature:
  
   
Valinor Associates, LLC
  

/s/ David Gallo  
Name:
 David Gallo
  
Title:
Managing Partner
  

July 14, 2023
Date

Page 2 of 5
Exhibit 99.1

Joint Filer Information

Name of Joint Filer:
Valinor Management, L.P.
   
Address of Joint Filer:
c/o Valinor Management L.P.
  405 Lexington Avenue, 34th Floor
  New York, NY 10174
   
Relationship of Joint Filer to Issuer:
10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction to be Reported:
July 12, 2023
   
Designated Filer:
Valinor Management L.P.
   
Signature:
  
   
Valinor Management, L.P.
  

/s/ David Gallo  
Name:
 David Gallo
  
Title:
Managing Partner
  

July 14, 2023
Date

Page 3 of 5
Exhibit 99.1

Joint Filer Information

Name of Joint Filer:
Valinor Capital Partners, L.P.
   
Address of Joint Filer:
c/o Valinor Management L.P.
  405 Lexington Avenue, 34th Floor
  New York, NY 10174
   
Relationship of Joint Filer to Issuer:
10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction to be Reported
  
(Month/Day/Year):
July 12, 2023
   
Designated Filer:
Valinor Management L.P.
   
Signature:
  
   
Valinor Capital Partners, L.P.
  

/s/ David Gallo  
Name:
 David Gallo
  
Title:
Managing Partner
  

July 14, 2023
Date

Page 4 of 5
Exhibit 99.1

Joint Filer Information

Name of Joint Filer:
Valinor Capital Partners Offshore Master Fund, L.P.
   
Address of Joint Filer:
c/o Valinor Management L.P.
  405 Lexington Avenue, 34th Floor
  New York, NY 10174
   
Relationship of Joint Filer to Issuer:
10% Owner
   
Issuer Name and Ticker or Trading Symbol:
NextDecade Corporation [NEXT]
   
Date of Earliest Transaction to be Reported
  
(Month/Day/Year):
July 12, 2023
   
Designated Filer:
Valinor Management L.P.

Signature:
  
   
Valinor Capital Partners Offshore Master Fund, L.P.
  

/s/ David Gallo
  
Name:
 David Gallo
  
Title:
Managing Partner
  

July 14, 2023
Date

 
Page 5 of 5