NextNav to redeem all $186.5 million of 5.00% convertible notes on June 25, 2026
NextNav Inc. said it has elected to redeem all of its outstanding 5.00% Senior Secured Convertible Notes due 2028 on June 25, 2026, paying 100% of principal plus accrued and unpaid interest in cash. The company said the redemption conditions based on its stock price have been satisfied, and about $186.5 million in principal was outstanding as of June 15, 2026. Holders may still convert their notes into common stock until the second trading day before the redemption date.
Key points
- Redemption date is June 25, 2026, at 100% of principal plus accrued and unpaid interest.
- About $186.5 million in aggregate principal was outstanding as of June 15, 2026, subject to change from conversions.
- Conversion rate is 79.6178 common shares per $1,000 principal until close of business on the second trading day before the redemption date.
- Company says its stock closed above 160% of the conversion price for at least 20 of 30 consecutive trading days, meeting the redemption condition.
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 June 15, 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.