NextNav Results Presentation Deck
Closes $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.View entire presentation