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Stocks•1 July 2026•

1 min read

NextNav Completes Redemption of Warrants and Convertible Notes, Raises $170M

Key Facts

1NextNav Inc. announced the completion of the redemption of all outstanding public warrants and 5.00% Senior Secured Convertible Notes due 2028.

2The transactions brought in approximately $170 million from warrant exercises and eliminated the convertible debt.

In a move to strengthen its capital structure, NextNav Inc. announced the completion of the redemption of all outstanding public warrants and 5.00% senior secured convertible notes due 2028. The transaction brought in approximately $170 million from warrant exercises and eliminated the convertible debt entirely, according to a company statement via Business Wire.

This step represents a positive shift in the company's balance sheet, removing the debt burden and providing additional cash to support its expansion plans. NextNav aims to accelerate its mission of delivering a terrestrial complement and backup to GPS, thereby strengthening its competitive position in the navigation technology sector.