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Hanwha Aerospace Co., Ltd. has purchased approximately $9.4 million in common shares of NextDecade Corp (NASDAQ:NEXT), increasing its stake to 10%. The acquisitions occurred in two transactions: on December 11, 2025, Hanwha bought 851,971 shares at a weighted average price of $5.8313, totaling about $4.97 million; on December 12, 2025, it acquired 800,000 shares at $5.5391, valued at approximately $4.43 million.

Following these transactions, Hanwha holds 26,420,222 shares directly and may be considered the beneficial owner of an additional 17,536,369 shares held by Hanwha Ocean LLC. NextDecade, currently valued at $1.36 billion, faces significant financial challenges, including high debt and lack of profitability.

The company has made progress on its Rio Grande LNG project, securing $13.4 billion in financing for two production trains. Additionally, it has modified a credit agreement for a $50 million loan with a maturity date of November 17, 2030.