Company: NXNVW
Filing Date: 2025-04-25
Form Type: S-3
Source: 0001213900-25-035543
Chunk: 22

Company: NEXTNAV INC.
Filing Date: 2025-04-25
Form: S-3
Chunk 22
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 the number of Warrant Shares that we were required to deliver, but did not timely deliver, to the holder in connection with the exercise at issue by (2) the price at which the sell order giving rise to such purchase obligation was executed, and (B) at the option of the holder, either reinstate the portion of the Registered Warrants and equivalent number of Warrant Shares for which such exercise was not honored (in which case such exercise shall be deemed rescinded) or deliver to the holder the Warrant Shares that would have been issued had we timely complied with such exercise and delivery obligations. If we effect a stock dividend, subdivide outstanding shares of our Common Stock into a larger number of shares, combine (by way of reverse stock split) outstanding shares of our Common Stock into a smaller number of shares, or issue by reclassification of shares of our Common Stock any shares of our capital stock, then, in each case, the applicable exercise price for the Registered Warrants shall be multiplied by a fraction of which (x) the numerator shall be the number of shares of our Common Stock (excluding treasury shares, if any) outstanding immediately before such event and of which (y) the denominator shall be the number of shares of our Common Stock outstanding immediately after such event, and the number of shares issuable upon exercise of the Registered Warrants shall be proportionately adjusted such that the aggregate exercise price of the Registered Warrants shall remain unchanged. Any such adjustment shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification. If the Company shall fix a record date for the making of a dividend or other distribution (by spin-off or otherwise) on shares of Common Stock other than in cash, whether in other securities of the Company (including rights), evidences of indebtedness of the Company or any other person or any other property (including securities or evidences of indebtedness of a subsidiary), or any combination thereof, excluding dividends or distributions subject to adjustment pursuant to the prior paragraph, then in each such case, the number of Warrant Shares issuable upon exercise of the Registered Warrants in full shall be increased by multiplying such number of Warrant Shares by a fraction, the numerator of which is the last reported sale price on such record date and the denominator of which is the last reported sale price on such record date less the fair market value of such security or other property (as determined by