NextNav Inc. Announces Redemption of 5.00% Senior Secured Convertible Notes

On June 15, 2026, NextNav Inc. announced the redemption of all its outstanding 5.00% Senior Secured Convertible Notes due 2028. The redemption date is set for June 25, 2026. The notes will be redeemed at 100% of their principal amount plus accrued and unpaid interest. Holders have the option to convert their notes into NextNav common stock at a rate of 79.6178 shares per $1,000 principal amount before the redemption date. This action is part of the company's strategy to simplify its balance sheet and enhance financial flexibility. The redemption is based on the satisfaction of certain conditions related to the company's stock price exceeding 160% of the conversion price for a specified period.