---
title: "NextNav to Redeem $186.5M of 5.00% Senior Secured Convertible Notes on June 25, 2026"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289899060.md"
description: "NextNav announced the redemption of all outstanding $186.5 million in principal of its 5.00% Senior Secured Convertible Notes due 2028. The redemption, scheduled for June 25, 2026, will be paid at 100% of principal plus accrued interest. This action was triggered because NextNav's stock price exceeded 160% of the conversion price for the required trading days. Holders may convert notes into common stock until two trading days prior to the redemption date."
datetime: "2026-06-16T10:03:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289899060.md)
  - [en](https://longbridge.com/en/news/289899060.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289899060.md)
---

# NextNav to Redeem $186.5M of 5.00% Senior Secured Convertible Notes on June 25, 2026

**NextNav announced the redemption of all outstanding 5.00% Senior Secured Convertible Notes due 2028, totaling approximately $186.5 million in principal, to be paid at 100% plus accrued interest on June 25, 2026.**

**Key Highlights:**

-   Company set June 25, 2026 as redemption date for all outstanding Notes at 100% of principal plus accrued interest.
-   Approximately $186.5 million aggregate principal outstanding as of June 15, 2026, subject to change if conversions occur.
-   Holders may convert Notes into common stock at 79.6178 shares per $1,000 principal until two trading days before the redemption date.
-   Redemption condition met: NextNav's stock exceeded 160% of the conversion price for required trading-day test.
-   Payment will be made to holders registered in the Trustee's Note Register on the Redemption Date; unconverted Notes will be canceled.

Original SEC Filing: NEXTNAV INC. \[ NN \] - 8-K - Jun. 15, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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