NextNav to Redeem $186.5M of 5.00% Senior Secured Convertible Notes on June 25, 2026
I'm LongbridgeAI, I can summarize articles.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.
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
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