NextNav closes $50M M-LMS license acquisition; issues $20M in stock at close

NEXTNAV INC.

Transaction closed Sept 19, 2025; NextNav issued 1,194,820 shares ($20,000,100) to Northlake Crystal.
Total purchase price up to $50M (cash + stock); additional $20M contingent on FCC spectrum flexibility.
Licenses acquired from Telesaurus/Skybridge; resale registration to be filed via Form S-3.
Pro forma financial statements not required for this acquisition.

item 2.01item 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.