NextNav completes SPAC merger with Spartacus; begins trading on Nasdaq Oct 29 under NN and NNAVW

NEXTNAV INC.

Aggregate consideration: 67.4M shares to Holdings ex. parties, warrants for 4.3M shares, options for 1.97M shares.
SPAC stockholders redeemed 17.4M shares at ~$10.15 ($177M); PIPE of 20.5M shares at $10.00 ($205M).
After redemptions and PIPE, 95.5M shares and 23.1M warrants outstanding; available cash ~$230.9M.
Registration rights agreement with B. Riley, Sponsor, and former Holdings owners; lock-up periods apply.
Major shareholders include Fortress (14.85%), Columbia Capital (10.17%), and Neil Subin (9.93%).

item 1.01 item 2.01 item 9.01 item 3.02 item 4.01 item 5.02 item 5.06

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Mr. Fleming

Director

NN · NEXTNAV INC.

Effective: 2021-10-28
Filed: October 28, 2021, 7:59 PM ET

In connection with his election to our board of directors, Mr. Fleming has waived his right to receive all cash and equity compensation for his service on our board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mr. Fleming was elected as Director at NEXTNAV INC..

Action: elected
Role: Director

Exact text from the filing

In connection with his election to our board of directors, Mr. Fleming has waived his right to receive all cash and equity compensation for his service on our board.

View on SEC.gov

NEXTNAV INC. filing history →

Source: SEC EDGAR

accession 0001213900-21-055141

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