---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-023403"
form_type: "8-K"
ticker: "NN"
cik: "0001865631"
company_name: "NEXTNAV INC."
filed_at: "2025-03-13T23:59:59+00:00"
generated_at: "2026-05-24T21:36:56.379638+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NextNav raises $190M via 5% convertible notes led by M-Cor and Fortress; to redeem $70M 10% notes

## Summary
- $190M aggregate principal of 5.00% Senior Secured Convertible Notes due 2028; conversion price $12.56/share.
- Warrants to purchase up to 7.8M shares at exercise prices from $12.56 to $20.00 issued to Lead Investors.
- Net proceeds to redeem $70M of 10% Senior Secured Notes due 2026 at 101% of principal plus accrued interest.
- Transaction led by M-Cor Capital (Milken Family Office) and Fortress Investment Group; expected close March 31, 2025.

## SEC filing metadata
- accession: 0001213900-25-023403
- form_type: 8-K
- ticker: NN
- cik: 0001865631
- company_name: NEXTNAV INC.
- filed_at: 2025-03-13T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865631/000121390025023403/0001213900-25-023403-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865631/000121390025023403/nn-20250312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-023403
- JSON: https://secwatch.observer/filing/0001213900-25-023403.json
- Plain text: https://secwatch.observer/filing/0001213900-25-023403.txt

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