NextNav closes $190M 5% convertible note offering, redeems $73M of 10% notes

NEXTNAV INC.

Closed $190M 5% Senior Secured Convertible Notes due 2028 on March 27, 2025.
Net proceeds of ~$188.6M after fees; $73M used to redeem 10% Senior Secured Notes due 2026 at 101%.
Warrants issued for 7,800,000 common shares at exercise prices $12.56-$20.00 per share.
Notes and warrants sold in private placement under Section 4(a)(2) and Regulation D, unregistered.
Redemption eliminates $70M aggregate principal of 10% notes, reducing interest cost.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.