NextNav (NN) Registration Filing summary

Company overview and business model

• Delivers next-generation positioning, navigation, and timing (PNT) solutions to complement and back up GPS and other satellite-based systems, focusing on resilience and security.

• Holds valuable FCC licenses for a contiguous 8 MHz band of Lower 900MHz spectrum covering over 90% of the U.S. population, with plans to acquire an additional 4MHz.

• Evolving technology platform to utilize 5G New Radio (5G NR), aiming to enhance efficiency and enable high-quality PNT and broadband services.

• Offers Pinnacle and TerraPoiNT services, providing accurate altitude and terrestrial PNT solutions, with deployments in major U.S. markets and partnerships with public safety networks.

• Holds approximately 161 patents as of September 30, 2024, and is expanding internationally, including services in Japan.

Financial performance and metrics

• As of November 1, 2024, 128,051,315 shares of common stock were outstanding.

• The closing sale price of common stock on November 20, 2024, was $15.35 per share on Nasdaq.

Use of proceeds and capital allocation

• Will not receive any proceeds from the sale of registered shares; all proceeds go to the selling stockholder.

• Agreed to pay legal, accounting, printing, and other registration-related expenses.