Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
NEXTNAV INC. completed an acquisition involving the shareholders (the "Sellers") of Nestwave, SAS for enterprise value of $18.0 million (closed 2022-10-31).
- Action
- acquisition
- Counterparty
- the shareholders (the "Sellers") of Nestwave, SAS
- Consideration
- enterprise value of $18.0 million
- Closing
- 2022-10-31
Exact text from the filing
On October 31, 2022 (the “Closing Date”), NextNav Inc. (the “Company”) entered into a Share Transfer Agreement (the “Agreement”) with the shareholders (the “Sellers”) of Nestwave, SAS, a French société par actions simplifiée (“Nestwave”), pursuant to which the Company acquired all of the issued shares of Nestwave , for an enterprise value of $18.0 million with a gross consideration value of $19.3 million, as follows: · $4.3 million in cash, which is subject to customary adjustments in accordance with the Agreement; and · $15.0 million by issuance of 5.1 million shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), comprised of 4.0 million shares of Common Stock that were issued on the Closing Date (the “Closing Shares”) and 1.1 million Post-Closing Issued Shares (as described below).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
NEXTNAV INC. entered into Share Transfer Agreement with the shareholders (the "Sellers") of Nestwave, SAS valued at enterprise value of $18.0 million with a gross consideration value of $19.3 million (effective 2022-10-31).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- the shareholders (the "Sellers") of Nestwave, SAS
- Value
- enterprise value of $18.0 million with a gross consideration value of $19.3 million
- Effective
- 2022-10-31
Exact text from the filing
On October 31, 2022 (the “Closing Date”), NextNav Inc. (the “Company”) entered into a Share Transfer Agreement (the “Agreement”) with the shareholders (the “Sellers”) of Nestwave, SAS, a French société par actions simplifiée (“Nestwave”), pursuant to which the Company acquired all of the issued shares of Nestwave , for an enterprise value of $18.0 million with a gross consideration value of $19.3 million
View on SEC.gov