---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-040038"
form_type: "8-K"
ticker: "NN"
cik: "0001865631"
company_name: "NEXTNAV INC."
filed_at: "2022-07-18T23:59:59+00:00"
generated_at: "2026-06-24T13:38:42.137814+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NextNav invests $1.1M in MetCom JV for Japan TerraPoiNT/Pinnacle commercialization

## Summary
- On July 15, 2022, NextNav purchased 333,334 shares of MetCom Class B2 Preferred Stock for ~$1.1M (¥450/share).
- Total Series B round of ~$5.9M included DRONE FUND III, KCCS, and Secom Co., Ltd.
- NextNav's total ownership in MetCom is 14.8% prior to unexercised convertible bonds/warrants.
- MetCom's TerraPoiNT proof-of-concept phase substantially completed; spectrum license application pending with Japan's MIC.
- NextNav retains warrant to acquire additional shares to reach up to 33% ownership of MetCom common stock.

## SEC filing metadata
- accession: 0001213900-22-040038
- form_type: 8-K
- ticker: NN
- cik: 0001865631
- company_name: NEXTNAV INC.
- filed_at: 2022-07-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865631/000121390022040038/0001213900-22-040038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865631/000121390022040038/ea162553-8k_nextnavinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-040038
- JSON: https://secwatch.observer/filing/0001213900-22-040038.json
- Plain text: https://secwatch.observer/filing/0001213900-22-040038.txt

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