---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-21-055141"
form_type: "8-K"
ticker: "NN"
cik: "0001865631"
company_name: "NEXTNAV INC."
filed_at: "2021-10-28T23:59:59+00:00"
generated_at: "2026-06-28T16:59:41.055148+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%).

## SEC filing metadata
- accession: 0001213900-21-055141
- form_type: 8-K
- ticker: NN
- cik: 0001865631
- company_name: NEXTNAV INC.
- filed_at: 2021-10-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.01, 9.01, 3.02, 4.01, 5.02, 5.06
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865631/000121390021055141/0001213900-21-055141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865631/000121390021055141/ea149404-8k_nextnav.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-21-055141
- JSON: https://secwatch.observer/filing/0001213900-21-055141.json
- Plain text: https://secwatch.observer/filing/0001213900-21-055141.txt

## Key facts
- Executive change
  Mr. Fleming was elected as Director at NEXTNAV INC..
  - Action: elected
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865631/000121390021055141/0001213900-21-055141-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.