NextNav redeems ~10M public warrants at $0.01; exercise price $11.50, deadline June 26, 2026

NEXTNAV INC.

As of May 26, 2026, ~10M public warrants outstanding; redemption price $0.01/warrant, exercise price $11.50/share.
Condition met: common stock closing price ≥$18 for 20 of last 30 trading days ending May 21, 2026.
Redemption date June 26, 2026 at 5 p.m. NY time; unexercised warrants auto-redeemed for $0.01.
CFO Tim Gray states redemption simplifies capital structure and increases financial flexibility.

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