Brief: Nextnav Announces Acquisition Of Nestwave

Nextnav

02/11/2022 13:17

Nov 2 (Reuters) - NextNav Inc  NN.O :
    * NEXTNAV ANNOUNCES ACQUISITION OF NESTWAVE
    * NEXTNAV INC - PROPOSED DEAL FOR AN ENTERPRISE VALUE OF
$18.0
MILLION
    * NEXTNAV INC - PROPOSED DEAL FOR GROSS CONSIDERATION VALUE
OF
$19.3 MILLION, CONSISTING OF $4.3 MILLION IN CASH AND $15.0
MILLION IN NEXTNAV COMMON STOCK
    * NEXTNAV INC - TRANSACTION RESULTED IN ISSUANCE OF 4.0
MILLION
SHARES OF NEXTNAV COMMON STOCK UPON CLOSE

Source text for Eikon:  ID:nPn6k8QmCa 
Further company coverage:  NN.O 
 ((Reuters.Briefs@thomsonreuters.com;))