Company: NXNVW
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001213900-25-031073
Chunk: 23

Company: NEXTNAV INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 23
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Audit Committee The primary purpose of our Audit Committee is to assist our Board in the oversight of the integrity of our accounting and financial reporting process, the audits of our financial statements and internal control over financial reporting, as applicable, our compliance with legal and regulatory requirements, and our programs for identifying, evaluating and controlling significant risks. The functions of our Audit Committee include, among other things: • appointing, approving the compensation of, and evaluating the work and independence of our independent registered public accounting firm; • pre-approving audit, audit-related and permissible non-audit services, and the terms of such services, to be provided by our independent registered public accounting firm; • overseeing our risk assessment, risk management and risk mitigation policies and programs, including matters relating to privacy and cybersecurity and climate and the environment; • reviewing and discussing with management and the independent registered public accounting firm our annual and quarterly financial statements and related disclosures; • recommending, based upon its review and discussions with management and the independent registered public accounting firm, whether our audited financial statements shall be included in our Annual Report on Form 10-K; • reviewing and discussing with the independent registered public accounting firm the critical accounting policies and practices used by us, the auditor’s responsibilities under U.S. GAAP and the responsibilities of management in the audit process; • reviewing the adequacy of our internal control over financial reporting; • establishing procedures for receiving, retaining and treating complaints regarding accounting, internal accounting controls, auditing, and federal securities laws matters, and for the confidential, anonymous submission by employees and independent contractors of concerns regarding questionable accounting or auditing matters; • monitoring our compliance with legal and regulatory requirements;

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• preparing the Audit Committee report required by the rules of the SEC to be included in our annual proxy statement; • reviewing, and, if appropriate, approving or ratifying, all related party transactions for potential conflict of interest situations; and • reviewing and discussing with management and our independent registered public accounting firm any financial information and earnings guidance provided to analysts and rating agencies. The financial literacy requirements of the SEC require that each member of our Audit Committee be able to read and understand fundamental financial statements. In addition, at least one member of our Audit Committee must be qualified as an audit committee financial expert, as defined in Item 407(d)(5) of Regulation S-K, and have financial sophistication in accordance with the Nasdaq Stock Market Rules. Our Board has determined that each of Mr. Marcus and Mr. Howe qualifies as an audit committee financial expert. For