NextNav to redeem all public warrants at $0.01 each on June 26, 2026
NextNav Inc. said it will redeem all outstanding public warrants for $0.01 per warrant in cash on June 26, 2026, at 5 p.m. New York City time. Holders can still exercise the warrants for cash at $11.50 per share of common stock until the redemption date, and any unexercised warrants will be redeemed for $0.01 each. The company said the action simplifies its capital structure, and the filing states that private placement warrants are not subject to the redemption.
Key points
- Redemption price is $0.01 per public warrant, payable in cash, with a redemption date of June 26, 2026, at 5 p.m. New York City time.
- Warrant holders can exercise at $11.50 per share until the redemption date, and the company's notice says exercise is voluntary and must be arranged through a broker.
- The company cited a common stock closing price of $23.02 on May 26, 2026, and a last sale price of at least $18.00 for 20 trading days within the 30-day period ending May 21, 2026, as the basis for the redemption right.
- Approximately 10 million warrants were outstanding as of May 26, 2026, according to the press release.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.