Company: NXNVW
Filing Date: 2025-04-25
Form Type: S-3
Source: 0001213900-25-035543
Chunk: 23

Company: NEXTNAV INC.
Filing Date: 2025-04-25
Form: S-3
Chunk 23
---
 the Board in good faith (provided, that if such security or property has a value of $50 million or more, the Board’s determination shall be based on the advice of a nationally recognized independent investment banking firm retained by the Company for this purpose)) to be so paid or distributed in such dividend or distribution in respect of one share of Common Stock (in each case as of the record date of such dividend or distribution); such adjustment shall be effective as of the record date for such dividend or distribution. In the event of such adjustment, the exercise price of the Registered Warrants shall immediately be decreased by multiplying such exercise price by a fraction, the numerator of which is the number of Warrant Shares issuable upon the exercise of the Registered Warrants in full immediately prior to such adjustment, and the denominator of which is the new number of Warrant Shares issuable upon exercise of the Registered Warrants determined in accordance with the immediately preceding sentence. If the Company shall fix a record date for the making of a cash dividend or cash distribution on shares of Common Stock, the exercise price of the Registered Warrants in effect prior thereto shall be reduced immediately thereafter by an amount equal to the per share amount of such cash dividend or cash distribution .

| 15 |

In the case of any merger or consolidation of us with or into another corporation, or in the case of any sale, lease, license, assignment, transfer, conveyance or other disposition to another corporation or entity of all or substantially all of our assets in one or a series of related transactions, or in the case of any purchase offer, tender offer or exchange offer (whether by us or another corporation or entity) is completed pursuant to which holders of our outstanding equity securities having voting power, including the power to vote on the election of directors, are permitted to sell, tender or exchange their securities for other securities, cash or property and has been accepted by the holders of the outstanding 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, or in the case of any reclassification, reorganization or recapitalization of our Common Stock or any compulsory share exchange pursuant to which our Common Stock is effectively converted into or exchanged for other securities, cash or property, or in the case of the consummation of any stock or share purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off, merger or scheme of arrangement) with another entity