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NextNav ( (NN) ) just unveiled an update.
On March 27, 2025, NextNav Inc. announced the closing of a $190 million private placement of 5% redeemable senior secured convertible notes due 2028. The net proceeds of approximately $188.6 million will be used to redeem the company’s existing 10% Senior Secured Notes due 2026, enhancing its financial position and operational flexibility.
More about NextNav
NextNav Inc. is a leader in next-generation positioning, navigation, and timing (PNT) technology, providing 3D geolocation solutions for critical infrastructure, GPS resiliency, and commercial applications. The company leverages low-band licensed spectrum to deliver accurate and reliable PNT services.
YTD Price Performance: -18.24%
Average Trading Volume: 1,425,993
Technical Sentiment Signal: Sell
Current Market Cap: $1.71B
For an in-depth examination of NN stock, go to TipRanks’ Stock Analysis page.
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