Company: NXNVW
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001213900-25-031073
Chunk: 48

Company: NEXTNAV INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 48
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 November 22, 2021.

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Share Transfer Agreement On October 31, 2022, we entered into a Share Transfer Agreement (the “Share Transfer Agreement”) with the shareholders of Nestwave, SAS, a French société par actions simplifiée (as subsequently renamed, “NextNav France”), pursuant to which we acquired all of the issued shares of NextNav France. In connection with the transactions contemplated by the Share Transfer Agreement, we agreed to (1) issue shares of our common stock to certain shareholders of NextNav France and (2) file with the SEC certain registration statements covering the resale of such shares. We filed one such resale registration statement on October 13, 2023, and we file d a second resale registration statement on June 5, 2024 . Private Placement of 5.00% Senior Secured Convertible Notes due 2028 Note Purchase Agreement On March 12, 2025, the Company entered into a Note Purchase Agreement with certain purchasers, including funds managed by affiliates of Fortress Investment Group LLC, a 10% or greater stockholder of the Company (“Fortress”), and an entity affiliated with Neil S. Subin, a director of the Company, and MILFAM entities, a 5% or greater stockholder of the Company (the “Subin Affiliated Entity”). Under the agreement, the Company agreed to sell, in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, and Regulation D promulgated thereunder: (a) $190 million in aggregate principal amount of its 5.00% Senior Secured Convertible Notes due 2028 (the “2028 Notes”); and (b) warrants to purchase shares of the Company’s common stock. Fortress purchased $50 million of the 2028 Notes, and the Subin Affiliated Entity purchased $6.3 million of the 2028 Notes. The private placement transaction was completed on March 27, 2025. Indenture and Security Agreement On March 27, 2025, the 2028 Notes were issued at an issue price of 100% of their principal amount pursuant to an indenture, among the Company, certain subsidiaries of the Company named therein as notes guarantors and GLAS Trust Company, LLC, as trustee and notes collateral agent. The guarantors agreed, jointly and severally, to unconditionally guarantee the due and punctual payment of the principal of, premium