#1ww **IN AN IN N NEXTNAV HUNE MIRIA BALERO BA Welcome to Next Generation GPS LENTE ***** BBBB 8 E POE EE In#2Disclaimer Industry and Market Information Information contained in this Presentation concerning NextNav's industry and the markets in which it operates, including NextNav's general expectations and market position, market opportunity and market size, is based on information from NextNav's management's estimates and research, as well as from industry and general publications and research, surveys and studies conducted by third parties. In some cases, we may not expressly refer to the sources from which this information is derived. Management estimates are derived from industry and general publications and research, surveys and studies conducted by third parties and NextNav's knowledge of its industry and assumptions based on such information and knowledge, which we believe to be reasonable. In addition, assumptions and estimates of NextNav's and its industry's future performance are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could caus NextNav's future performance and actual market growth, opportunity and size and the like to differ materially from our assumptions and estimates. Trademarks All rights to the trademarks, copyrights, logos and other intellectual property listed herein belong to their respective owners and NextNav's use thereof does not imply an affiliation with, or endorsement by the owners of such trademarks, copyrights, logos and other intellectual property. Solely for convenience, trademarks and trade names referred to in this Presentation may not appear with the Ⓡor™ symbols, but such references are not intended to indicate, in any way, that NextNav will not assert, to the fullest extent under applicable law, its rights or the right of the applicable licensor to these trademarks, service marks and trade names. Forward-Looking Statements This Presentation and any oral statements made regarding the subject of this Presentation include "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "forecast," "intend," "seek," "target," "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to NextNav's future prospects, developments and business strategies. In particular, such forward-looking statements include statements about NextNav's position to drive growth in its 3D geolocation business and expansion of its next generation GPS platform, the business plans, objectives, expectations and intentions of NextNav, NextNav's partnerships and the potential success thereof and NextNav's estimated and future business strategies, competitive position, industry environment and potential growth opportunities. These statements are based on NextNav's management's current expectations and beliefs, as well as a number of assumptions concerning future events. N NEXTNAV Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside NextNav's control,that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to:, (1) the ability of NextNav to continue to gain traction in key markets and with notable platforms and partners, both within the U.S. and internationally; (2) the ability of Next Nav to grow and manage growth profitably, maintain relationships with partners, customers and suppliers, including with respect to NextNav's Pinnacle 911 solution and its TerraPoiNT network, and the ability to retain its management and key employees; (3) the ability to maintain balance sheet flexibility and generate and effec deploy capital in line with its business strategies; (4) the possibility that NextNav may be adversely affected by other economic, business and/or competitive factors (including the impacts of the ongoing COVID-19 coronavirus pandemic); (5) other risks and uncertainties indicated from time to time in other documents filed with the Securities and Exchange Commission by Next Nav. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward- looking statements, which speak only as of the date made, and NextNav undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.#3Strategic Priorities "A") Be the Leader in Resilient PNT 흩 Enhance Spectrum Expand Global Capabilities Reach N NEXTNAV#4Federal Communication Commission Update ● 900 MHz Broadband ● 902 US Location and Monitoring Services (LMS) Band 919.75 NextNav 8 MHz Contiguous NextNav has a contiguous 8 megahertz of valuable low band spectrum covering 2.4 billion MHz-PoPs of 900 MHz spectrum FCC Order Significant milestone for NextNav as it works to maximize full value of spectrum asset. 928 927.75 NextNav satisfied final spectrum license construction requirements for 39 top Economic Areas (~256 Cellular Market Areas). FCC found Next Nav's network buildout targeting urban areas and tall buildings to be in public interest. • 900 MHz Broadband N NEXTNAV freq (MHz) •#5Precision Z-Axis for Public Safety ● ● ● KYOCERA Integrated Pinnacle vertical location technology into Kyocera's Dura Extreme+ feature phone sold in Verizon stores nationwide. Pinnacle z-axis technology integrated into Hot Pepper Mobile's Tabasco feature phone. Agreement allows for Pinnacle's use on Hot Pepper devices across all major wireless carrier partners. Public Safety Partners FIRSTNETTM Built with AT&T at&t verizon✓ Radio IP GEOCOMM Rapid SOS qp XRapidDeploy vitals NGA ARG Next Generation Advanced Aware Services motorola Bodytrak CENTRALSQUARE TECHNOLOGIES CONVEY911 vôzsafe KYOCERA TRX systems CRG D 3 am VALOR SYSTEMS Qualcomm sonīm. 9 N NEXTNAV#62023 Joint Research Centre Report JRC EUROPEAN COMMISSION Report Summary NextNav meets or exceeds all benchmarks to serve as resilient layer to existing GNSS. ● ● TerraPoiNT delivers horizontal and vertical location services as well as indoor-outdoor timing. Commercially deployable and cost-effective for end- ● users. Demonstrated indoor PNT; vertical location accuracy within 2 meters 90% of time throughout entire test. Recommends spectrum allocation in member states for terrestrial systems to provide PNT resilience. Recommends system of systems approach for PNT resilience to protect critical infrastructure. N NEXTNAV LV NEXTNÁV#7Closes $50 Million Debt Financing Significant runway to actualize strategic priorities Terms: Warrants: Close: Lead Investors: ● ● ● $50 million aggregate principal amount of 10.00% Senior Secured First Lien Notes due December 2026 Includes potential expansion up to $80 million. ● ● • 50% of interest payable in stock at company's discretion. N NEXTNAV Lenders' exclusive option to purchase an additional $20 million of Notes on same terms for 30 days following close. Noteholders will receive warrants to purchase common stock for cash at an aggregate exercise price of $40 million and represent ~12.5% ownership on a fully diluted basis. • Partially callable beginning in 2025, to yield aggregate gross proceeds (including note issuance) of up to $80 million. Transaction closed May 9, 2023. • Whitebox Advisors, Susquehanna International Group & Clutterbuck Capital Management.#8Investment highlights Next Generation GPS solution will sit at the core of the app economy Robust Balance Sheet funded for multiple years into the future >$100 Billion total addressable market N NEXTNAV 0 0 Deep Asset Base IP, spectrum and deployed networks Global Opportunity European actions, and service live in Japan Growing list of Blue-chip customers including AT&T, Verizon and NASA World class management, board, and shareholders with leaders in wireless and location services N NEXTNAV#9N NEXTNAV Next Generation GPS is here.