Mar. 19 at 2:05 PM
$NN @ralph2000 Can you cite the doc where this prohibition exists? My read is as follows:
The
$190M convertible closed March 31, 2025, mature June 30, 2028, and may not be redeemed by the company for one year after issuance — after which they become redeemable only if NextNav's stock exceeds 160% of the
$12.56 conversion price (i.e., ~
$20.10) for at least 20 of 30 consecutive trading days. We will be well above that once our NPRM is approved. In any case, the one-year no-redemption lockout ran to approximately March 27, 2026 — not March 2027. That date has now passed. Do you agree?
