Company: NXNVW
Filing Date: 2025-04-25
Form Type: S-3
Source: 0001213900-25-035543
Chunk: 24

Company: NEXTNAV INC.
Filing Date: 2025-04-25
Form: S-3
Chunk 24
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 or group of entities whereby such other entity or group acquires securities representing more than 50% of the aggregate voting power, including the power to vote on the election of directors of the Company, of our issued and outstanding equity securities, then, upon any subsequent exercise of the Registered Warrants, the holders thereof shall have the right to receive, for each Warrant Share that would have been issuable upon such exercise immediately prior to the occurrence of such event described above, at the holder’s option, the number of shares of common stock of the successor or acquiring corporation or of the Company, if we are the surviving corporation, and any additional consideration receivable as a result of such event by a holder of the number of shares of Common Stock for which the Registered Warrants are exercisable immediately prior to such event. For purposes of any such exercise described immediately above , the determination of the exercise price shall be appropriately adjusted to apply to such additional consideration based on the amount of additional consideration issuable in respect of one share of Common Stock in such event, and we shall apportion the exercise price among the additional consideration in a reasonable manner reflecting the relative value of any different components of the additional consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received in an event described above, then the holder shall be given the same choice as to the additional consideration it receives upon any exercise of its Registered Warrants following such event. We or any applicable successor entity shall deliver to the holder in exchange for its Registered Warrants a security of such successor entity evidenced by a written instrument substantially similar in form and substance to the Registered Warrants, which is exercisable for a corresponding number of shares of capital stock of such successor entity (or its parent entity) equivalent to the shares of Common Stock acquirable and receivable upon exercise of the Registered Warrants prior to such event, and with an exercise price which applies the exercise price under the Registered Warrants to such shares of capital stock (but taking into account the relative value of the shares of Common Stock pursuant to such event and the value of such shares of capital stock, such number of shares of capital stock and such exercise price being for the purpose of protecting the economic value of the Registered Warrants immediately prior to the consummation of such event). Registered Warrants may be exercised only for a whole number of Warrant Shares. No fractional shares of Common Stock or scrip representing fractional shares of Common Stock will be issued upon exercise of the Registered Warrants. If, upon