secwatch.observer — SEC 8-K summary
======================================

Issuer:     NEXTNAV INC. (NN)
CIK:        0001865631
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001213900-21-055141
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.01, 9.01, 3.02, 4.01, 5.02, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865631/000121390021055141/0001213900-21-055141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865631/000121390021055141/ea149404-8k_nextnav.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-055141

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer