NextNav (NN) Registration Filing summary

Company overview and business model

• Delivers next-generation, resilient positioning, navigation, and timing (PNT) solutions to address vulnerabilities of GPS and GNSS, with a focus on 5G integration and national security applications.

• Holds valuable FCC licenses covering over 90% of the U.S. population and is seeking regulatory changes to expand and modernize spectrum use for PNT and 5G broadband.

• Offers Pinnacle (altitude service for public safety) and TerraPoiNT (terrestrial PNT network) solutions, with government and commercial partnerships.

• Recognized as an emerging growth and smaller reporting company, benefiting from reduced disclosure and compliance requirements.

Financial performance and metrics

• As of April 15, 2025, 132,358,441 shares of common stock and 29,662,881 warrants were outstanding, excluding the registered shares and warrants in this offering.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of registered shares by selling securityholders.

• Will receive net proceeds only from cash exercises of registered warrants, to be used for general corporate purposes at management's discretion.