NEXTNAV INC. (NN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 18.82% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
140M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

NN currently has 135M outstanding shares. with minimal authorized share overhang for future dilution. The company has diluted shareholders by 18.82% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 135.3M shares outstanding

140M 0
Mar 17, 2026

10-K filing | 135.6M shares outstanding

140M 0
Nov 06, 2025

10-Q filing | 133.3M shares outstanding

130M 0
Sep 25, 2025

S-3 filing: NextNav Inc. is offering up to 1,194,820 shares of common stock by the Selling Stockholder, who will determine the timing and method of sales at prevailing market rates or negotiated prices.

130M 0
Aug 06, 2025

10-Q filing | 132.3M shares outstanding

130M 0
May 09, 2025

10-Q filing | 131.1M shares outstanding

130M 0
Apr 25, 2025

S-3 filing: This is an S-3 filing to register 22,927,380 shares of common stock and 7,800,000 warrants for resale by selling securityholders.

130M 0
Mar 28, 2025

8-K filing: NextNav Inc. closed a private placement of $190 million in aggregate principal amount of 5.00% Senior Secured Convertible Notes due 2028 and issued warrants to purchase an aggregate of 7,800,000 shares of common stock.

120M 0
Mar 13, 2025

8-K filing: NextNav Inc. entered into a Note Purchase Agreement to sell $190 million in Senior Secured Convertible Notes and warrants to purchase 7,800,000 shares of common stock in a private placement.

120M 0
Mar 12, 2025

10-K filing | 121.5M shares outstanding

120M 0
Dec 13, 2024

S-3 filing: This is an S-3 filing for a shelf offering of common stock by selling stockholders. Up to 114,449 shares of common stock may be offered.

130M 0
Nov 22, 2024

S-3 filing: NextNav Inc. is offering up to 620,106 shares of common stock by the Selling Stockholder. The Selling Stockholder may offer, sell or distribute all or a portion of the Registered Shares either through public or private transactions at prevailing market rates or at negotiated prices.

130M 0
Nov 13, 2024

10-Q filing | 128.9M shares outstanding

130M 0
Aug 07, 2024

10-Q filing | 126.3M shares outstanding

130M 0
Jun 05, 2024

S-3 filing: This S-3 filing registers shares of common stock to be offered by selling stockholders.

120M 0
Jun 05, 2024

S-3 filing: NextNav Inc. is offering up to 397,037 shares of common stock by selling stockholders via a shelf registration statement.

120M 0
May 08, 2024

10-Q filing | 120.7M shares outstanding

120M 0
Mar 13, 2024

10-K filing | 108.0M shares outstanding

110M 0
Dec 12, 2023

S-3/A filing: NextNav Inc. is offering up to 448,466 shares of common stock by the Selling Stockholders. The Selling Stockholders may offer, sell or distribute all or a portion of the Registered Shares either through public or private transactions at prevailing market rates or at negotiated prices.

110M 0
Dec 11, 2023

S-3 filing: This S-3 filing registers shares of common stock to be offered by selling stockholders.

110M 0
Nov 08, 2023

10-Q filing | 108.0M shares outstanding

110M 0
Oct 13, 2023

S-3 filing: NextNav Inc. is offering up to 4,768,491 shares of common stock by selling stockholders through public or private transactions at prevailing market rates or negotiated prices.

110M 0
Aug 09, 2023

10-Q filing | 108.2M shares outstanding

110M 0
Jun 23, 2023

POS AM filing: This is a POS AM filing for NextNav Inc. offering 9,000,000 shares of common stock upon exercise of warrants and up to 76,057,997 shares of common stock by selling securityholders, consisting of warrant shares and common stock currently held by holders of Holdings Shares.

110M 0
Jun 23, 2023

S-3 filing: NextNav Inc. is offering shares of common stock and warrants by selling shareholders, as per an S-3 filing dated 2023-06-23. Up to 25,925,927 shares of common stock and 25,925,927 warrants are being offered. The number of shares of Common Stock to be outstanding after this offering is based on 107,155,654 shares of Common Stock outstanding as of March 31, 2023.

110M 0
May 10, 2023

10-Q filing | 107.7M shares outstanding

110M 0
Mar 30, 2023

10-K filing | 107.1M shares outstanding

110M 0
Nov 10, 2022

10-Q filing | 106.4M shares outstanding

110M 0
Nov 02, 2022

8-K filing: NextNav Inc. acquired Nestwave, SAS, issuing 5.1 million shares of common stock as part of the consideration. ($14.82M proceeds)

100M 0
Aug 10, 2022

10-Q filing | 101.4M shares outstanding

100M 0
Aug 10, 2022

POS AM filing: This is a POS AM filing for NextNav Inc. detailing the offering of common stock upon warrant exercises and shares by selling securityholders.

100M 0
Jul 18, 2022

8-K filing: NextNav Inc. purchased 333,334 shares of MetCom's Class B2 (non-voting) Preferred Stock for approximately $1.1 million on July 15, 2022, as part of a larger $5.9 million investment round in MetCom. ($1.1M proceeds)

97M 22M
May 12, 2022

10-Q filing | 96.6M shares outstanding

97M 22M
Mar 23, 2022

10-K filing | 95.6M shares outstanding

96M 23M
Nov 17, 2021

S-1/A filing: This S-1/A filing registers shares of common stock issuable upon exercise of warrants, shares of common stock held by selling securityholders, and warrants to purchase common stock.

95M 23M
Nov 02, 2021

S-1 filing: This S-1 filing includes the registration of common stock for issuance upon exercise of warrants, securities registered for resale by selling securityholders, and warrants to purchase common stock.

95M 8M
Oct 28, 2021

8-K filing: On October 28, 2021, Spartacus closed a PIPE Financing issuing 20.5 million shares of common stock at $10.00 per share, for gross proceeds of $205.0 million. ($205.0M proceeds)

100 0
Oct 22, 2021

10-Q filing | 0.0M shares outstanding

100 0
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