NextNav redeems ~$186.5M in 5% convertible notes due 2028

NEXTNAV INC.

Redemption date set for June 25, 2026 at 100% of principal plus accrued interest.
Approximately $186.5M aggregate principal outstanding as of June 15, 2026.
Holders may convert at 79.6178 shares per $1,000 principal until June 22, 2026.
Redemption condition met: stock price exceeded 160% of conversion price for 20 of 30 trading days.
CFO says redemption simplifies balance sheet and enhances financial flexibility.

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