NextNav Inc. Announces 2022 Annual Meeting of Stockholders
March 07 2022 - 4:30PM
NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”), a leader in
next generation GPS and 3D geolocation, today announced that it
intends to hold the Annual Meeting of Stockholders (the “2022
Annual Meeting”) on Wednesday, May 18, 2022, at a time and location
to be specified in the Company’s proxy statement for the 2022
Annual Meeting. The close of business on March 18, 2022, has been
set as the record date for determination of shareholders entitled
to notice of, and to vote at, the 2022 Annual Meeting.
Stockholder Proposals and Director
Nominations
Because the 2022 Annual Meeting is the Company’s first annual
meeting, pursuant to Rule 14a-8 (“Rule 14a-8”) under the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), the Company
may set a deadline for receipt of Rule 14a-8 stockholder proposals
that is a reasonable time before the Company plans to make its
proxy materials available. Accordingly, stockholders of the Company
who wish to have a proposal considered for inclusion in the
Company’s proxy materials for the 2022 Annual Meeting pursuant to
Rule 14a-8 must ensure their proposal is received by the Secretary
of the Company at 1775 Tysons Blvd., 5th Floor, McLean, Virginia
22102, by the close of business on March 18, 2022, which the
Company has determined to be a reasonable time before it expects to
begin making its proxy materials available. Rule 14a-8 proponents
and the proposals they submit must also comply with the
requirements of Rule 14a-8 and other applicable laws in order to be
eligible for inclusion in the Company’s proxy materials for the
2022 Annual Meeting.
In addition, in accordance with the requirements contained the
Bylaws of the Company (the “Bylaws”), stockholders who wish to
nominate a person for election as a director or bring other
business that is a proper subject for stockholder action before the
2022 Annual Meeting outside of Rule 14a-8 must ensure that written
notice (including all of the information specified in the Bylaws)
of such nomination or other proposal is received by the Secretary
of the Company at the address specified above no later than the
close of business on March 18, 2022. Any such nomination or other
proposal must meet the requirements set forth in the Bylaws in
order to be brought before the 2022 Annual Meeting.
About NextNav Inc.
NextNav (NASDAQ: NN) provides next generation GPS and 3D
geolocation. NextNav Pinnacle uses highly accurate vertical
positioning to transform location services so they reflect the 3D
world around us. NextNav TerraPoiNT system keeps critical
infrastructure resilient with reliable Position, Navigation and
Timing services in the absence of GPS. With carrier-grade
dependability and a rapidly expanding nationwide service footprint,
NextNav is driving a whole new ecosystem for geolocation
applications and services.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,”
“expect,” “estimate,” “plan,” “outlook,” and “project” and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. These
statements, which involve risks and uncertainties, relate to
analyses and other information that are based on forecasts of
future results and estimates of amounts not yet determinable and
may also relate to NextNav’s future prospects, developments and
business strategies. In particular, such forward-looking statements
include statements about NextNav’s position to drive growth in its
3D geolocation business and expansion of its next generation GPS
platform, the business plans, objectives, expectations and
intentions of NextNav, NextNav’s partnerships and the potential
success thereof and NextNav’s estimated and future business
strategies, competitive position, industry environment and
potential growth opportunities. These statements are based on
NextNav’s management’s current expectations and beliefs, as well as
a number of assumptions concerning future events.
Such forward-looking statements are subject to known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside NextNav’s control that could cause actual
results to differ materially from the results discussed in the
forward-looking statements. These risks, uncertainties, assumptions
and other important factors include, but are not limited to, (1)
the ability of NextNav to continue to meet Nasdaq’s listing
standards following the consummation of the business combination;
(2) the risk that the consummation of the business combination
disrupts current plans and operations of NextNav; (3) the ability
to recognize the anticipated benefits of the business combination,
which may be affected by, among other things, competition, the
ability of NextNav to grow and manage growth profitably, maintain
relationships with partners, customers and suppliers, and the
ability to retain its management and key employees; (4) the ability
to generate and effectively deploy capital in line with its
business strategies; (5) the possibility that NextNav may be
adversely affected by other economic, business and/or competitive
factors (including the impacts of the ongoing COVID-19 coronavirus
pandemic); (6) the outcome of any legal proceedings that may be
instituted against NextNav following the business combination; and
(7) other risks and uncertainties indicated from time to time in
other documents filed with the Securities and Exchange Commission
by NextNav. New risks and uncertainties arise from time to time,
and it is impossible for us to predict these events or how they may
affect us. You are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made,
and NextNav undertakes no commitment to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise.
Source: NN-FIN
Contact:Erica Bartsch / Neal NagarajanSloane
& Companyebartsch@sloanepr.com ; nnagarajan@sloanepr.com
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