Company: NXNVW
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001213900-25-031073
Chunk: 49

Company: NEXTNAV INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 49
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, if any, and interest on the 2028 Notes. The 2028 Notes were secured under a security agreement among the Company, the guarantors and GLAS Trust. Warrants On March 27, 2025, pursuant to the Note Purchase Agreement, the Company issued warrants to purchase an aggregate of 7,800,000 shares of common stock to two lead purchasers, including the warrants to purchase 3,900,000 shares of common stock to Fortress, with exercise prices ranging from $12.56 to $20.00 per share. The exercise of the warrants is subject to a 4.9% beneficial ownership limitation, except for holders who (i) owned more than 4.9% of common stock immediately prior to the closing or (ii) elect to waive the limitation with at least 61 days’ prior written notice to the Company. Fortress beneficially owned more than 4.9% of the common stock prior to the closing and is not subject to this limit.Additionally, warrant exercises will not be permitted if, when aggregated with all other warrant exercises, they would result in the issuance of more than 19.9% of the Company’s outstanding common stock as of the business day immediately prior to the issuance date of the warrants, unless it is approved by the stockholders of the Company. Registration Rights Agreement The Company entered into a Registration Rights Agreement with the purchasers (including Fortress and the Subin Affiliated Entity) which provides that the Company will file a registration statement under the Securities Act registering the Warrants, the shares convertible from the 2028 Notes and the shares underlying the warrants within 35 calendar days of the closing date, and the Company agreed to cause any such registration statement to be declared effective within a certain period of filing. A summary of the terms of the private placement and copies of the documents related to the private placement, including the Note Purchase Agreement, the forms of the indenture, Security Agreement, Warrants and Registration Rights Agreement were included in the Current Report on Form 8-K filed by the Company with the U.S. Securities and Exchange Commission on March 13, 2025, which is incorporated herein by reference. 5% Holders For information regarding on the beneficial owners of more than five percent of our common stock, including the basis for control and the percentage of voting securities owned, please see the “ Security Ownership of Certain Beneficial Owners and Management ” section of this Proxy Statement below. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND