---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-021237"
form_type: "8-K"
ticker: "NN"
cik: "0001865631"
company_name: "NEXTNAV INC."
filed_at: "2024-03-11T23:59:59+00:00"
generated_at: "2026-06-05T00:06:29.289230+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NextNav signs deal to acquire 4 MHz lower 900 MHz band spectrum for up to $50M in cash & stock

## Summary
- Purchase price up to $50M: $2.5M cash due within 30 days of court approval, plus stock issuances based on milestones and FCC approval.
- Additional $20M in stock contingent on FCC granting more flexible use of M-LMS spectrum.
- Combined spectrum portfolio will total 3.5 billion MHz-PoPs after close.
- Acquired licenses cover 4 MHz in the 902-928 MHz band, same as NextNav's existing spectrum.
- Transaction subject to Alameda County Court approval and FCC approval.

## SEC filing metadata
- accession: 0001213900-24-021237
- form_type: 8-K
- ticker: NN
- cik: 0001865631
- company_name: NEXTNAV INC.
- filed_at: 2024-03-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865631/000121390024021237/0001213900-24-021237-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865631/000121390024021237/ea0201463-8k_nextnav.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-021237
- JSON: https://secwatch.observer/filing/0001213900-24-021237.json
- Plain text: https://secwatch.observer/filing/0001213900-24-021237.txt

## Key facts
- Material Agreements
  NEXTNAV INC. entered into Asset Purchase Agreement with Telesaurus Holdings GB and Skybridge Spectrum Foundation valued at up to $50,000,000 (effective 2024-03-07).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Telesaurus Holdings GB and Skybridge Spectrum Foundation
  - Value: up to $50,000,000
  - Effective: 2024-03-07
  source text: On March 7, 2024, NextNav Inc. (“NextNav”) and its wholly-owned subsidiary Progeny LMS, LLC (the “Company”) entered into an Asset Purchase Agreement (the “Agreement”) with Telesaurus Holdings GB (“Telesaurus”) and Skybridge Spectrum Foundation (“Skybridge”), pursuant to which the Company will acquire (1) Multilateration Location and Monitoring Service (“M-LMS”) licenses (the “Licenses”) issued by the Federal Communications Commission (the “FCC”) and (2) rights to a petition for reconsideration, dated December 20, 2017, which, if granted, may reinstate additional M-LMS licenses owned by Skybridge and Telesaurus and terminated by the FCC in 2017, for an aggregate purchase price of up to $50,000,000 paid in the form of cash and NextNav common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865631/000121390024021237/0001213900-24-021237-index.htm

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