{"id":977296,"date":"2026-06-30T16:03:03","date_gmt":"2026-06-30T20:03:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nextnav-completes-redemption-of-warrants-and-convertible-notes\/"},"modified":"2026-06-30T16:03:03","modified_gmt":"2026-06-30T20:03:03","slug":"nextnav-completes-redemption-of-warrants-and-convertible-notes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nextnav-completes-redemption-of-warrants-and-convertible-notes\/","title":{"rendered":"NextNav Completes Redemption of Warrants and Convertible Notes"},"content":{"rendered":"

<\/p>\n

NextNav Completes Redemption of Warrants and Convertible Notes<\/b><\/p>\n

RESTON, Va.–(BUSINESS WIRE<\/a>)–
\nNextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next-generation 3D Positioning, Navigation, and Timing (PNT) solutions, today announced the completion of two significant milestones: (i) the redemption of all outstanding public warrants (NASDAQ: NNAVW) (the \u201cWarrants\u201d); and (ii) the redemption of all outstanding 5.00% Senior Secured Convertible Notes due in 2028 (the \u201cNotes\u201d).<\/p>\n

\nThrough these transactions, NextNav received approximately $170 million in cash proceeds from Warrant exercises and extinguished all of the Notes.<\/p>\n

\nThese transactions were made possible by the sustained performance of NextNav’s common stock (the \u201cCommon Stock\u201d). The Company\u2019s right to execute each redemption was triggered by achievement and maintenance of certain Common Stock closing prices for at least 20 trading days within 30 trading day periods. In the case of the Warrants, that closing price was $18.00 per share, while the Notes required a closing price in excess of 160% of their conversion price.<\/p>\n

\n“The completion of these two transactions marks a meaningful milestone for NextNav,” said Tim Gray, Chief Financial Officer of NextNav. “By redeeming both the public warrants and the notes, we have eliminated our convertible debt and significantly reduced our warrant overhang, creating long-term financial flexibility that positions us to accelerate our mission to deliver a terrestrial complement and backup to GPS.”<\/p>\n

About NextNav
\n<\/b>
NextNav Inc. (Nasdaq: NN) is a leader in next-generation 3D Positioning, Navigation, and Timing (PNT) solutions. As the nation\u2019s largest license holder in a spectrum band expressly designated for terrestrial positioning services, NextNav is uniquely positioned to enable a widescale terrestrial complement and backup to GPS. Leveraging licensed low-band spectrum and the global 5G ecosystem, NextNav is focused on delivering an accurate, reliable, and resilient 3D PNT solution to protect national security, public safety, and the economy. Learn more at www.nextnav.com<\/a>.<\/p>\n

\nFor more information, please visit https:\/\/nextnav.com\/<\/a> or follow NextNav on X at https:\/\/x.com\/NextNav<\/a> or LinkedIn at https:\/\/www.linkedin.com\/company\/nextnav\/<\/a>.<\/p>\n

Forward-Looking Statements
\n<\/b>
Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements include, but are not limited to, statements regarding the Company\u2019s expectation that the redemptions create long-term financial flexibility that positions it to accelerate its mission to deliver a terrestrial complement and backup to GPS. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, the risks set forth under the heading \u201cRisk Factors\u201d discussed under the caption \u201cItem 1A. Risk Factors\u201d in Part I of the Company\u2019s most recent Annual Report on Form 10-K or any updates discussed under the caption \u201cItem 1A. Risk Factors\u201d in Part II of the Company\u2019s Quarterly Reports on Form 10-Q and in the Company\u2019s other filings with the U.S. Securities and Exchange Commission. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to the Company on the date hereof. NextNav undertakes no duty to update this information unless required by law.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260630571247\/en\/<\/a><\/span><\/p>\n

Company Contact
\n<\/b>
IR@nextnav.com<\/a><\/p>\n

KEYWORDS:<\/b> Virginia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Security Technology Satellite Other Technology Software 5G<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

NextNav Completes Redemption of Warrants and Convertible Notes RESTON, Va.–(BUSINESS WIRE)– NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next-generation 3D Positioning, Navigation, and Timing (PNT) solutions, today announced the completion of two significant milestones: (i) the redemption of all outstanding public warrants (NASDAQ: NNAVW) (the \u201cWarrants\u201d); and (ii) the redemption of all outstanding 5.00% Senior Secured Convertible Notes due in 2028 (the \u201cNotes\u201d). Through these transactions, NextNav received approximately $170 million in cash proceeds from Warrant exercises and extinguished all of the Notes. These transactions were made possible by the sustained performance of NextNav’s common stock (the \u201cCommon Stock\u201d). The Company\u2019s right to execute each redemption was triggered by achievement and maintenance of certain Common Stock … <\/p>\n

Continue reading “NextNav Completes Redemption of Warrants and Convertible Notes”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-977296","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNextNav Completes Redemption of Warrants and Convertible Notes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nextnav-completes-redemption-of-warrants-and-convertible-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NextNav Completes Redemption of Warrants and Convertible Notes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NextNav Completes Redemption of Warrants and Convertible Notes RESTON, Va.–(BUSINESS WIRE)– NextNav Inc. 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