Core Viewpoint - NextNav Inc. successfully closed a private placement of $190 million in senior secured convertible notes, with net proceeds of approximately $188.6 million after fees and expenses [1][2]. Group 1: Financial Details - The private placement consists of 5% redeemable senior secured convertible notes due in 2028 [1]. - A portion of the net proceeds will be used to redeem $70 million of existing 10% senior secured notes due in 2026 at 101% of the principal amount plus accrued interest [2]. Group 2: Company Overview - NextNav Inc. is a leader in next-generation positioning, navigation, and timing (PNT) technology, focusing on 3D geolocation solutions [3]. - The company's technology is powered by low-band licensed spectrum, providing accurate and resilient PNT solutions for critical infrastructure and commercial applications [3].