Frischer Files SC 13D for NextNav Inc.

TL;DR

**Frischer files 13D on $NVNA. Watch this space.**

AI Summary

Charles L. Frischer filed a Schedule 13D on March 5, 2024, reporting beneficial ownership of NextNav Inc. common stock. Frischer previously held a different name and changed it on June 7, 2007. The filing indicates a change in his holdings or reporting status regarding NextNav Inc.

Why It Matters

This filing signals a potential shift in significant shareholder activity or reporting for NextNav Inc., which could influence market perception and stock movement.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant changes in a major shareholder's stake, which can lead to increased volatility.

Key Players & Entities

• Charles L. Frischer (person) — Filing person
• NextNav Inc. (company) — Subject company
• Spartacus Acquisition Shelf Corp. (company) — Former company name of NextNav Inc.

FAQ

Key Financial Figures

• $0.0001 — INC. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class o
• $20,309,616 — the Shares acquired by Mr. Frischer was $20,309,616. Mr. Frischer used personal funds and f
• $2.16 — isable for 191,389 Shares at a price of $2.16 per Share. Accordingly, Mr. Frischer be

Filing Documents

• e619348_sc13d-nextnav.htm (SC 13D) — 46KB
• 0001193805-24-000342.txt ( ) — 48KB

Security and Issuer

Item 1.Security and Issuer This Schedule 13D relates to Common Stock, par value $0.0001 per share (the “Shares”) of NextNav Inc., a Delaware corporation (the “Issuer”). The principal executive offices of the Issuer are located at 1775 Tysons Blvd., 5 th Floor, McLean, Virgina.

Identity and Background

Item 2.Identity and Background. (a) This statement is being filed by Charles Frischer, an individual. (b) The principal business address of the filer is 3156 East Laurelhurst Drive, Seattle, WA 98105. (c) The principal business of Charles Frischer is private investing. (d) – (e) Legal Proceedings During the past five years, the Reporting Person has not been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to any civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violation with respect to such laws. (f) Citizenship Mr. Frischer is a citizen of the United States.

Source and Amount of Funds of Other Consideration

Item 3.Source and Amount of Funds of Other Consideration. The total amount of funds required to acquire the Shares acquired by Mr. Frischer was $20,309,616. Mr. Frischer used personal funds and funds in his IRA to acquire his Shares.

Purpose of Transaction

Item 4.Purpose of Transaction. The Reporting Person acquired the Shares reported herein with a view to making a profit on his investment. The Reporting Person intends to review his investment in the Issuer on a continuing basis and may engage in discussions with management, the Issuer's board of directors, other shareholders of the Issuer and other relevant parties concerning the Issuer's business, operations, governance, management, strategy and future plans. Depending on various factors including, without limitation, the Issuer's financial position, future actions taken by the Issuer's board of directors, price levels of the Shares, other available investment opportunities, conditions in the securities market and general economic and industry conditions, the Reporting Person may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, seeking representation on the Issuer’s board of directors, changes in management of the Issuer and potential strategic transactions by the Issuer. CUSIP No. 65345N106 13D Page 4 of 6

Interest of Securities of the Issuer

Item 5.Interest of Securities of the Issuer. (a) and (b) Beneficial ownership As of the date of this Schedule 13D, Mr. Frischer directly or through his IRA owns 5,852,060 Shares, which includes warrants exercisable for 191,389 Shares at a price of $2.16 per Share. Accordingly, Mr. Frischer beneficially owns 5,852,060 Shares representing approximately 5.3% of the outstanding Shares. The percentage set forth above and on the cover pages hereto represent the percentage of the outstanding Shares based on a total of 110,135,859 Shares outstanding on November 8, 2023, which amount is derived from amount reported in the Issuer’s Third Quarter Report on Form 10-Q for the period ended September 30, 2023. (c) Transactions during the past sixty days Information with respect to the Reporting Person’s transactions effected during the past 60 days are set forth on Annex A hereto. (d) Right to receive dividends or proceeds Not applicable. (e) Beneficial Not applicable.

Contracts,

Item 6. Contracts, Arrangement, Understandings or Relationships With Respect to Securities of the Issuer. Except as otherwise provided in this Schedule 13D, there are no contracts, arrangements, understandings or relationships between the Reporting Person and any persons with respect to any securities of the Issuer. CUSIP No. 65345N106 13D Page 5 of 6 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Pursuant to Rule 13d-1(k), this Schedule 13D is filed on behalf of the Reporting Person. Dated as of: March 8, 2024 /s/ Charles Frischer Charles Frischer Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). CUSIP No. 65345N106 13D Page 6 of 6 ANNEX A Schedule of Transactions in Common Shares of the Issuer During the Past 60 Days Date of Transaction Quantity Purchased Price per Share 03/07/2024 187,00 .05 03/07/2024 143,000 .14 03/05/2024 33,000 3.75 03/05/2024 3,000 3.78 03/04/2024 50,000 4.04 02/29/2024 600 4.04 02/28/2024 106,400 4.04 02/27/2024 27,000 4.07 02/26/2024 3,070 4.18 02/23/2024 5,006 4.15 02/22/2024 3,562 4.06 02/21/2024 15,360 4.08 02/16/2024 24,002 4.06 02/15/2024 1,000 3.98 02/14/2024 14,000 3.86 02/14/2024 74,200 3.93 02/07/2024 121 4.13 02/06/2024 8,000 4.17 02/05/2024 225 4.13 02/02/2024 39,454 4.09 02/01/2024 16,000 4.15 02/01/2024 52,000 4.18 01/31/2024 6,000 4.14 01/31/2024 94,000 4.19 01/30/2024 102,000 4.17 01/30/2014 12,900 4.18 01/29/2024 17,000 3.71 01/29/2024 34,100 3.70 01/26/2024 1,000 3.85 01/26/2024 13 3.76 01/26/2024 74,000 3.77 01/25/2024 28,006 3.78 01/25/2024 88,000 3.77 01/24/2024 65,000 3.87 01/23/2024 177,994 3.88 01/22/2024 23,000 3.97 01/19/2024 33,000 3.82 01/18/2024 30,0

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View this SC 13D filing on SEC EDGAR