NextNav Inc. Completes Acquisition
Ticker: NXNVW · Form: 8-K · Filed: Sep 25, 2025 · CIK: 1865631
| Field | Detail |
|---|---|
| Company | Nextnav INC. (NXNVW) |
| Form Type | 8-K |
| Filed Date | Sep 25, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $50,000,000, $20,000,100, $20,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, corporate-event
TL;DR
NEXTNAV just bought SPARTACUS ACQUISITION SHELF CORP. - big deal for their navigation tech.
AI Summary
NextNav Inc. has completed the acquisition of Spartacus Acquisition Shelf Corp. as of September 19, 2025. This transaction, reported on an 8-K filing, marks a significant corporate event for NextNav Inc., which is involved in search, detection, navigation, and guidance systems.
Why It Matters
The completion of this acquisition signifies a major strategic move for NextNav Inc., potentially impacting its market position and future growth in the navigation and guidance sector.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks related to integration, market reception, and financial performance, which could impact NextNav Inc.'s future.
Key Players & Entities
- NEXTNAV INC. (company) — Registrant
- Spartacus Acquisition Shelf Corp. (company) — Acquired Entity
- September 19, 2025 (date) — Date of earliest event reported
FAQ
What was the nature of the transaction between NextNav Inc. and Spartacus Acquisition Shelf Corp.?
The transaction was the completion of an acquisition by NextNav Inc. of Spartacus Acquisition Shelf Corp.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 19, 2025.
What is NextNav Inc.'s primary business sector?
NextNav Inc. is involved in search, detection, navigation, guidance, and aeronautical systems.
In which state is NextNav Inc. incorporated?
NextNav Inc. is incorporated in Delaware.
What is the SEC file number for NextNav Inc.?
The SEC file number for NextNav Inc. is 001-40985.
Filing Stats: 826 words · 3 min read · ~3 pages · Grade level 12.3 · Accepted 2025-09-25 08:31:18
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share NN Nasdaq Capital Market
- $50,000,000 — or an aggregate purchase price of up to $50,000,000, payable in cash and shares of common s
- $20,000,100 — on with the closing, the Company issued $20,000,100 in shares of common stock, or 1,194,820
- $20,000,000 — l future consideration in the amount of $20,000,000, payable in shares of common stock of t
Filing Documents
- nn-20250919.htm (8-K) — 55KB
- 0001554855-25-001783.txt ( ) — 218KB
- nn-20250919_def.xml (EX-101.DEF) — 19KB
- nn-20250919_pre.xml (EX-101.PRE) — 18KB
- nn-20250919_cal.xml (EX-101.CAL) — 1KB
- nn-20250919_lab.xml (EX-101.LAB) — 24KB
- nn-20250919.xsd (EX-101.SCH) — 4KB
- nn-20250919_htm.xml (XML) — 5KB
01. Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets. As disclosed in the Current Report on Form 8-K of NextNav Inc. (the "Company") filed on March 11, 2024, the Company and its wholly-owned subsidiary, Progeny LMS, LLC, entered into an Asset Purchase Agreement (the "Agreement") with Telesaurus Holdings GB LLC ("Telesaurus") and Skybridge Spectrum Foundation ("Skybridge") on March 7, 2024, pursuant to which the Company agreed to acquire (1) Multilateration Location and Monitoring Service ("M-LMS") licenses (the "Licenses") issued by the Federal Communications Commission (the "FCC") and (2) rights to a petition for reconsideration dated December 20, 2017, which, if granted, may reinstate additional M-LMS licenses previously owned by Skybridge and Telesaurus and terminated by the FCC in 2017, for an aggregate purchase price of up to $50,000,000, payable in cash and shares of common stock of the Company (together, the "Transaction"). A copy of the Agreement was filed as Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 filed with the Securities and Exchange Commission on May 8, 2024, and is incorporated herein by reference. The Transaction closed on September 19, 2025. In connection with the closing, the Company issued $20,000,100 in shares of common stock, or 1,194,820 shares, of the Company to Northlake Crystal, LLC, a Georgia limited liability company and a Permitted Transferee (as defined in the Agreement) of Telesaurus. The Agreement provides for potential additional future consideration in the amount of $20,000,000, payable in shares of common stock of the Company, contingent upon the FCC granting additional flexibility in the use of M-LMS spectrum, including the M-LMS spectrum covered by the Licenses. The number of shares issued at closing was determined based on the 20-day trailing volume-weighted average price of the Company's common stock calculated as of September 18, 2025. Pursuant to the Resal
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 2.1 Asset Purchase Agreement, dated March 7, 2024, by and among NextNav Inc., Progeny LMS, LLC, Telesaurus Holdings GB LLC and Skybridge Spectrum Foundation (incorporated by reference to Exhibit 10.1 to the Quarterly Report on Form 10-Q for the period ended March 31, 2024 filed by NextNav Inc. on May 8, 2024). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NEXTNAV INC. Date: September 25 , 2025 By: /s/ James Black Name: James Black Title: General Counsel and Secretary 4