MCLEAN, Va., March 07, 2022 (GLOBE NEWSWIRE) — NextNav Inc. (NASDAQ: NN) (“NextNav” or the “Company”), a leader in next-generation GPS and 3D geolocation, today announced its intention to hold the annual meeting of shareholders (the “2022 Annual Meeting”) on Wednesday, May 18, 2022, at the time and place specified in the Company’s Proxy Circular for the 2022 Annual Meeting. The close of business on March 18, 2022 has been set as the record date for the determination of shareholders entitled to receive notice and vote at the 2022 annual meeting.
Shareholder proposals and director appointments
As the 2022 annual meeting is the Company’s first annual meeting, pursuant to Rule 14a-8 (“Rule 14a-8”) of the Securities Exchange Act of 1934, as amended (the changes”), the company may set a deadline for the receipt of shareholder proposals under Rule 14a-8 within a reasonable period of time before the company expects to make its proxy materials available. Accordingly, shareholders of the Company who wish to have a proposal considered for inclusion in the Company’s proxy materials for the 2022 annual meeting in accordance with Rule 14a-8 should ensure that their proposal is received by the Company Secretary at 1775 Tysons Blvd., 5th Floor, McLean, Virginia 22102, prior to the close of business on March 18, 2022, which the Company has determined to be a reasonable time before it expects to begin provide their proxy documents. Rule 14a-8 sponsors and the proposals they submit must also comply with the requirements of Rule 14a-8 and other applicable laws in order to be eligible to be included in the company’s proxy materials for the 2022 annual meeting.
In addition, pursuant to the requirements contained in the Company’s articles of association (the “Bylaws”), shareholders who wish to nominate a person for election as a director or submit other business which is a suitable matter for action shareholders prior to the 2022 annual meeting outside of Rule 14a-8 shall ensure that written notice (including all information specified in the articles) of such appointment or other proposal is received by the Company Secretary. corporation at the address listed above no later than the close of business on March 18, 2022. Any such nomination or other proposal must meet the requirements set out in the bylaws in order to be presented at 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 to reflect the 3D world around us. The NextNav TerraPoiNT system maintains the resilience of critical infrastructure through reliable positioning, navigation and timing services in the absence of GPS. With carrier-grade reliability and an expanding nationwide service footprint, NextNav is leading a whole new ecosystem for location-based apps and services.
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 can be identified by the use of words such as “expects”, ” intend”, “seek”, “target”, “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook” and “project” and other similar expressions that predict or indicate future events or trends or are not statements of historical matters.Such statements, which involve risks and uncertainties, relate to analyzes and other information based on forecasts of future results and estimates of amounts not yet determinable. and may also relate to NextNav’s future business prospects, developments and strategies. In particular, such forward-looking statements include statements about the position ion of NextNav to drive the growth of its 3D geolocation business and the expansion of its next-generation GPS platform, NextNav’s business plans, objectives, expectations and intentions, 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 the current expectations and beliefs of NextNav’s management, as well as a number of assumptions regarding future events.
These forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond NextNav’s control and which could cause actual results to differ materially from those discussed in the statements. prospective. These important risks, uncertainties, assumptions and other factors include, but are not limited to, (1) NextNav’s ability to continue to meet Nasdaq listing standards following the completion of the business combination; (2) the risk that the completion of the business combination will disrupt NextNav’s current plans and operations; (3) the ability to recognize the expected benefits of the business combination, which may be affected by, among other things, competition, NextNav’s ability to grow and manage growth profitably, to maintain relationships with its partners , customers and suppliers, and the ability to retain its management and key employees; (4) the ability to generate and deploy capital effectively in accordance with its business strategies; (5) the possibility that NextNav will be 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 brought against NextNav as a result of the business combination; and (7) other risks and uncertainties set forth 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 on forward-looking statements, which speak only as of the date made, and NextNav does not undertake to update or revise any forward-looking statements, whether as a result new information, future events or otherwise.
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