NextNav sets June 26 deadline for public warrant exercise

NextNav Inc. (NASDAQ: NN) has reminded holders of its public warrants (NASDAQ: NNAVW) that the deadline to exercise those warrants is 5 p.m. New York City time on June 26, 2026.

The company announced on May 27, 2026, that it would redeem all outstanding public warrants at a redemption price of $0.01 per warrant. Holders who do not exercise their warrants before the deadline will receive only $0.01 per warrant, after which the warrants will be cancelled.

Warrant holders may exercise their warrants for cash at an exercise price of $11.50 per share of common stock. According to the press release, NextNav was entitled to call the warrants for redemption because the last reported sale price of its common stock equaled or exceeded $18.00 per share for at least 20 trading days within a 30-trading day period ending on the third trading day prior to the redemption notice.

Holders wishing to exercise their warrants must instruct their brokers to submit the warrants for exercise before the deadline, as the act of exercising is voluntary.

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