NEXTNAV INC. (NN): M&A transaction — 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.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NEXTNAV INC. completed an acquisition involving Telesaurus Holdings GB LLC and Skybridge Spectrum Foundation for aggregate purchase price of up to $50,000,000 (closed 2025-09-19).

Action: acquisition
Counterparty: Telesaurus Holdings GB LLC and Skybridge Spectrum Foundation
Consideration: aggregate purchase price of up to $50,000,000
Closing: 2025-09-19

Exact text from the filing

if granted, may reinstate additional M-LMS licenses previously owned by Skybridge and Telesaurus and terminated by the FCC in 2017, for an aggregate purchase price of up to $50,000,000, payable in cash and shares of common stock of the Company (together, the “Transaction”). A copy of the Agreement was filed as Exhibit 10.1 to the Company’s Quarterly Report on

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NEXTNAV INC. filing history →

Source: SEC EDGAR

accession 0001554855-25-001783

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