---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-068422"
form_type: "8-K"
ticker: "NN"
cik: "0001865631"
company_name: "NEXTNAV INC."
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T15:30:34.473548+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NextNav acquires Nestwave for $19.3M to reduce TerraPoiNT deployment costs by ~75%

## Summary
- $18M enterprise value: $4.3M cash + $15M stock (5.1M shares issued). Closed Oct 31, 2022.
- Acquisition cuts TerraPoiNT deployment CapEx ~75% (over $250M savings) and lowers OpEx.
- Nestwave's LTE/5G tech optimizes NextNav's 900MHz spectrum for resilient PNT and GPS backup.
- Nestwave CEO becomes NextNav VP/GM France; CTO becomes VP Engineering. Employees remain.

## SEC filing metadata
- accession: 0001213900-22-068422
- form_type: 8-K
- ticker: NN
- cik: 0001865631
- company_name: NEXTNAV INC.
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865631/000121390022068422/0001213900-22-068422-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865631/000121390022068422/nn-20221031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-068422
- JSON: https://secwatch.observer/filing/0001213900-22-068422.json
- Plain text: https://secwatch.observer/filing/0001213900-22-068422.txt

## Key facts
- M&A Transactions
  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
  source text: 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865631/000121390022068422/0001213900-22-068422-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865631/000121390022068422/0001213900-22-068422-index.htm

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