Highest-materiality recent filing
NextNav Q2 2026: $298M liquidity, warrant redemption, convertible debt eliminated
Cash, equivalents and marketable securities $228.8M at June 30, 2026; $69.3M warrant proceeds collected July 1; total liquidity ~$298M.
NextNav redeems ~$186.5M in 5% convertible notes due 2028
Redemption date set for June 25, 2026 at 100% of principal plus accrued interest.
NextNav closes $50M M-LMS license acquisition; issues $20M in stock at close
Transaction closed Sept 19, 2025; NextNav issued 1,194,820 shares ($20,000,100) to Northlake Crystal.
NextNav appoints Tim Gray as CFO; Chris Gates moves to Corporate Development EVP
Tim Gray named EVP & CFO effective Sept 22, 2025; base salary $450K, target bonus 45%.
NextNav Q1 2025 net loss $58.6M; revenue up 50% to $1.5M; FCC issues NOI on PNT
Revenue $1.5M, up from $1.0M YoY; operating loss $17.0M vs $16.2M.
NextNav closes $190M 5% convertible note offering, redeems $73M of 10% notes
Closed $190M 5% Senior Secured Convertible Notes due 2028 on March 27, 2025.
NextNav raises $190M via 5% convertible notes led by M-Cor and Fortress; to redeem $70M 10% notes
$190M aggregate principal of 5.00% Senior Secured Convertible Notes due 2028; conversion price $12.56/share.
NextNav Q4 revenue $1.9M, net loss $32.3M; FCC advances GPS backup with NOI
Revenue Q4 2024 $1.9M (up from $1.2M YoY); FY2024 $5.7M (up from $3.9M).
NextNav Q3 revenue $1.6M (up 60% YoY); net loss narrows; Brattle report values GPS backup at $14.6B
Revenue of $1.6M in Q3 2024, up from $1.0M YoY, driven by government and commercial service contracts.
NextNav Q2 2024: Revenue $1.1M, net loss $24.4M; FCC seeks comments on spectrum petition
Revenue $1.1M (up 37.5% YoY); operating loss $15.3M vs $15.0M YoY.
FCC seeks comment on NextNav's petition to reconfigure Lower 900 MHz band
FCC public notice seeks comment on NextNav's April 16 petition to reconfigure 902-928 MHz band for 3D PNT network to complement GPS.
NextNav Q1 revenue $1.0M, net loss $31.6M; files FCC petition for Lower 900 MHz
Revenue $1.0M in Q1 2024, up from $830K YoY, driven by recurring service contracts.
NextNav appoints Sanyogita Shamsunder as COO, effective May 9, 2024
Shamsunder, former Head of Edge Networking for Cloud at Google, brings 20+ years experience.
NextNav files FCC petition to reconfigure Lower 900 MHz band for PNT backup to GPS and 5G broadband
Petition proposes rearranging the 902-928 MHz band to enable terrestrial PNT as complement/backup to GPS and free 15 MHz for 5G.
NextNav Q4 revenue up but operating loss widens; agrees $50M spectrum acquisition
Q4 revenue $1.2M (+49% YoY from $803K); operating loss $19.9M vs $14.5M prior year.
NextNav signs deal to acquire 4 MHz lower 900 MHz band spectrum for up to $50M in cash & stock
Purchase price up to $50M: $2.5M cash due within 30 days of court approval, plus stock issuances based on milestones and FCC approval.
NextNav appoints Mariam Sorond as CEO; co-founder Ganesh Pattabiraman steps down
Ganesh Pattabiraman resigned as CEO and director effective Nov 29, 2023; will serve as senior advisor for 2 years.
NextNav Q3 revenue $1.0M (+99% YoY); net loss widens to $23.2M
Revenue of $1.0M vs $503K in prior year period; 9-month revenue $2.7M vs $3.1M.
NextNav Q2 revenue $0.8M, net loss $15.8M; closes $70M debt financing, signs chip licensing deal
Revenue $0.8M for Q2 2023, down from $1.4M YoY; net loss $15.8M vs net income $0.8M prior year.
NextNav closes $50M debt financing, FCC approves final license milestones, Q1 revenue down 30% YoY
Closed $50M of 10.00% Senior Secured First Lien Notes due Dec 2026; can expand to $80M.
NextNav closes $50M senior secured note offering; warrants represent ~12.5% dilution
Closed $50M private placement of 10% Senior Secured Notes due Dec 1, 2026; lenders can add $20M within 30 days, total up to $80M.
NextNav Q4 revenue surges to $803K; FY net loss narrows to $40.1M on warrant gains
Revenue $803K in Q4 (vs $20K prior); full-year revenue $3.9M (vs $763K).
NextNav Q3 revenue $503K; net loss $18.7M; acquires Nestwave to cut costs 75%
Q3 2022 revenue $503K vs $276K YoY; operating loss $17.9M vs $7.0M YoY; net loss $18.7M vs $32.4M YoY.
NextNav acquires Nestwave for $19.3M to reduce TerraPoiNT deployment costs by ~75%
$18M enterprise value: $4.3M cash + $15M stock (5.1M shares issued). Closed Oct 31, 2022.
NextNav Q2 2022 revenue $1.4M, up 548% YoY; net income $0.8M on warrant gain; cash $82.5M debt-free
Revenue $1.4M vs $216K YoY; six-month revenue $2.6M vs $467K YoY.
NextNav reports Q1 revenue $1.2M, net loss $9.7M; cash $93.8M debt-free
Revenue of $1.2M, up from $251K in prior-year period, driven by commercial technology/services contracts.
approved compensation for Rear Admiral (Ret.) H. Wyman Howard III and Rear Admiral (Ret.) Lorin Selby in connection with their appointments to the Board, effective May 1, 2025.
approved compensation for Rear Admiral (Ret.) H. Wyman Howard III and Rear Admiral (Ret.) Lorin Selby in connection with their appointments to the Board, effective May 1, 2025.
In addition, John Muleta, who was appointed Lead Independent Director effective May 1, 2025, will receive a pro-rated cash payment of $20,000 for the same period.
On April 11, 2025, the Board of Directors (the “Board”) of NextNav Inc. (the “Company”) increased the size of the Board from seven (7) directors to nine (9) directors and appointed each of Rear Admiral (Ret.) H. Wyman Howard III and Rear Admiral (Ret.) Lorin Selby, as a director to fill the resulting vacancies, effective May 1, 2025.
On April 11, 2025, the Board of Directors (the “Board”) of NextNav Inc. (the “Company”) increased the size of the Board from seven (7) directors to nine (9) directors and appointed each of Rear Admiral (Ret.) H. Wyman Howard III and Rear Admiral (Ret.) Lorin Selby, as a director to fill the resulting vacancies, effective May 1, 2025.
On June 24 , 2024, the Board of Directors (the “Board”) of NextNav Inc. (the “Company”), following the recommendation of the Nominating and Corporate Governance Committee of the Board, increased the size of the Board from six (6) directors to seven (7) directors and appointed Nicola Palmer as a director to fill the resulting vacancy with her term expiring at the Company’s 202 5 annual meeting of stockholders and until her successor has been elected and qualified, subject, however, to her earlier death, resignation, retirement, disqualification or removal.
On May 7, 2024, NextNav Inc., a Delaware corporation (the “Company”), announced the appointment of Dr. Sanyogita Shamsunder as the Company’s Chief Operating Officer, effective as of May 9, 2024 (the “Effective Date”).
On March 11, 2024, the position of Senior Vice President, Network Operations and Deployment held by David Knutson was eliminated as a result of an internal organizational assessment.
On January 16, 2024, the Board of Directors (the “Board”) of NextNav Inc. (the “Company”), following the recommendation of the Nominating and Corporate Governance Committee of the Board, increased the size of the Board from six (6) directors to seven (7) directors and on January 18, 2024, appointed John Muleta as a director to fill the resulting vacancy
On November 29, 2023, the Board appointed Mariam Sorond as the Company’s President and CEO and designated her as the Company’s principal executive officer, effective as of November 29, 2023.
Ganesh Pattabiraman has resigned as the Company’s Chief Executive Officer (“CEO”) and from the Board of Directors (the “Board”) of the Company, effective as of November 29, 2023.
the Board... appointed Neil S. Subin as a director with his term expiring at the Company’s 2023 annual meeting
Max materiality 0.80 · Median 0.60 · Most common event earnings