Company: NXNVW
Filing Date: 2025-04-25
Form Type: S-3
Source: 0001213900-25-035543
Chunk: 21

Company: NEXTNAV INC.
Filing Date: 2025-04-25
Form: S-3
Chunk 21
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56, (ii) 1,900,000 Registered Warrants have an exercise price of $17.00 per share and (iii) 3,000,000 Registered Warrants have an exercise price of $20.00 per share . F ifty percent (50%) of the Registered Warrants are exercisable from March 27, 2025 until December 31, 2028 and the remaining fifty percent (50%) become exercisable from March 27, 2026 until December 31, 2028 . I n the event that any Registered Warrants have not been exercised in full as of the last t rading d ay before expiration and, if and only if the e xercise p rice of the Registered Warrants is less than the l ast r eported s ale p rice as of such date, the Registered Warrants shall be deemed to be automatically exercised in full by the h older as of such last t rading d ay on a cashless basis . Exercise of the Registered Warrants is subject to a beneficial ownership limitation of 4.9% of our Common Stock, except with respect to holders who owned more than 4.9% of our Common Stock as of immediately prior to March 27, 2025 , or holders who subsequently elect to terminate such 4.9% limitation, in which case the beneficial ownership limitation is 19.9%. Holders may terminate such 4.9% beneficial ownership limitation, provided that any such termination shall not be effective until 61 days after such notice is delivered to us. Holders may exercise their Registered Warrants, in whole or in part, at any time or times on or after March 27, 2025 and on or before December 31, 2028 in accordance with the procedures set forth in the Registered Warrants. If we fail to cause our transfer agent to transmit to the holder the Warrant Shares due upon exercise, and if such holder is thereafter required by its broker to purchase (in an open market transaction or otherwise) or the holder’s brokerage firm otherwise purchases, shares of our Common Stock to deliver in satisfaction of a sale by the holder of the Warrant Shares which the holder anticipated receiving upon such exercise, then we shall (A) pay in cash to the holder the amount, if any, by which (x) the holder’s total purchase price (including brokerage commissions, if any) for the shares of our Common Stock so purchased exceeds (y) the amount obtained by multiplying (1)