Highest-materiality recent filing
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.
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.
Max materiality 0.80 · Median 0.55 · Most common event earnings