---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-025755"
form_type: "8-K"
ticker: "NN"
cik: "0001865631"
company_name: "NEXTNAV INC."
filed_at: "2025-03-28T23:59:59+00:00"
generated_at: "2026-05-24T03:20:13.054321+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-025755
- form_type: 8-K
- ticker: NN
- cik: 0001865631
- company_name: NEXTNAV INC.
- filed_at: 2025-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865631/000121390025025755/0001213900-25-025755-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865631/000121390025025755/nn-20250327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-025755
- JSON: https://secwatch.observer/filing/0001213900-25-025755.json
- Plain text: https://secwatch.observer/filing/0001213900-25-025755.txt

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