NextNav Announces Redemption of Public Warrants
NextNav announced the redemption of all outstanding public warrants (NNAVW) on June 26, 2026. The redemption is triggered because the stock price exceeded $18.00 for 20 of the last 30 trading days, allowing the company to force exercise or cancellation.
Key figures
- Exercise price
- 11.5
- Redemption price
- 0.01
- Warrants outstanding
- 10000000
- Redemption trigger price
- 18
AI analysis
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