NextNav redeems warrants and convertible notes, raising $170M

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Go back to NextNav redeems warrants and convertible notes, raising $170M

NextNav Completes Redemption of Warrants and Convertible Notes

June 30, 2026 4:00 PM EDT

RESTON, Va.--(BUSINESS WIRE)-- NextNav Inc. (NASDAQ: NN) ("NextNav" or the "Company"), a leader in next-generation 3D Positioning, Navigation, and Timing (PNT) solutions, today announced the completion of two significant milestones: (i) the redemption of all outstanding public warrants (NASDAQ: NNAVW) (the Warrants); and (ii) the redemption of all outstanding 5.00% Senior Secured Convertible Notes due in 2028 (the Notes).

Through these transactions, NextNav received approximately $170 million in cash proceeds from Warrant exercises and extinguished all of the Notes.

These transactions were made possible by the sustained... More