---
schema_version: "secwatch.filing_event.v1"
accession: "0001554855-25-001783"
form_type: "8-K"
ticker: "NN"
cik: "0001865631"
company_name: "NEXTNAV INC."
filed_at: "2025-09-25T23:59:59+00:00"
generated_at: "2026-05-17T05:42:18.586793+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001554855-25-001783
- form_type: 8-K
- ticker: NN
- cik: 0001865631
- company_name: NEXTNAV INC.
- filed_at: 2025-09-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865631/000155485525001783/0001554855-25-001783-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865631/000155485525001783/nn-20250919.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001554855-25-001783
- JSON: https://secwatch.observer/filing/0001554855-25-001783.json
- Plain text: https://secwatch.observer/filing/0001554855-25-001783.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1865631/000155485525001783/0001554855-25-001783-index.htm

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