NextNav SPAC Presentation Deck

Attractive entry valuation TEV / CY2026E EBITDA 3.9x N NEXTNAV TEV / CY2026E UFCF 4.0x N NEXTNAV 7.2x Anterix™ (1) Reflects TEV / CY2025E EBITDA. (2) Reflects TEV / CY2025E UFCF. ΝΑ Anterix 43.4x (1) (2)(4) 43.4x MEDIAN: 10.2X 11.2x 9.2x Matterport LUCID otonomo ARCHER MEDIAN: 15.5X 17.1x (7) 14.0x Sources: CaplQ and Bloomberg research consensus estimates, company filings. Market data as of 06/03/21. Note: UFCF defined as EBITDA less Capex. All SPACs are represented at their current trading level. 4.2x Matterport ARCHER LUCID otonomo (3) UFCF projections remain negative through 2026E. (4) Assumes no capex; capex not publicly disclosed. (2)(4) 9.2x 22.0x (1) LUMINAR (2) 23.4x LUMINAR 20.7x MEDIAN: 13.3X DOORDASH 22.9x 13.3x MEDIAN: 18.3X DOORDASH THMS 13.7x WHY'S 10.4x Uber 11.8x 5.6x Joby NM (3) Uber Joby AVIATION TEV / CY2021E EBITDA 22.4x gogo 27.7x gogo TEV / CY2021E UFCF 900 MHz wireless MEDIAN: 14.9X Recent tech fwd SPACs 19.6x interdigital dish MEDIAN: 18.2X 20.1x N NEXTNAV 10.2x interdigital. 16.3x T Wireless 9.0x T 15.5× desh Customer verticals 30

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