NextNav closes additional $20M 10% senior secured notes offering with warrants

NEXTNAV INC.

Closed additional $20M aggregate principal of 10% Senior Secured Notes due 2026.
Issued 7,407,407 warrants to purchase common stock as part of the offering.
Total outstanding notes now $70M (initial $50M plus this additional $20M).
Notes are guaranteed by certain subsidiaries and secured under a security agreement.

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