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Nextnav Acquisition Corp

15.37
+0.17 (+1.12%)
Last Update: 01 Jul 2025 23:00:00
Yesterday: 15.2
Day's Range: 14.54 - 15.39
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When Written:
 
1.88
Nextnav Acquisition Corp is a special purpose acquisition company (SPAC) that was formed for the purpose of acquiring or merging with one or more businesses or entities. The company was founded in 2020 and is headquartered in San Francisco, California. Its management team includes experienced executives from the technology, finance, and investment sectors.

Nextnav Acquisition Corp raised $375 million in its initial public offering (IPO) in December 2020. The company's shares are listed on the NASDAQ stock exchange under the ticker symbol "NNAC." Nextnav Acquisition Corp is sponsored by Nextnav, LLC, a company that provides indoor and outdoor positioning services using terrestrial signals.

As a SPAC, Nextnav Acquisition Corp has a limited time frame to find and complete a merger or acquisition with a target company. If the company fails to do so within the specified time frame, it will be required to return the funds raised in its IPO to its investors.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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