SCHEDULE: Susquehanna Group Boosts NextNav Stake to 7.1%

A group of affiliated entities, including Capital Ventures International and Susquehanna Advisors Group, Inc., reported a 7.1% beneficial ownership stake in NextNav Inc. as of September 30, 2025.

Summary

• Capital Ventures International, Susquehanna Advisors Group, Inc., G1 Execution Services, LLC, and Susquehanna Securities, LLC, collectively referred to as the Reporting Persons, beneficially own 9,602,582 shares of NextNav Inc. Common Stock.
• This aggregate ownership represents 7.1% of NextNav Inc.'s outstanding Common Stock.
• The beneficial ownership is based on 134,727,753 shares outstanding as of September 30, 2025, as reported in NextNav Inc.'s Quarterly Report on Form 10-Q.
• Capital Ventures International's beneficial ownership includes 1,114,649 shares issuable upon conversion of convertible notes.
• G1 Execution Services, LLC's beneficial ownership includes 57 shares issuable upon the exercise of warrants.
• Susquehanna Securities, LLC's beneficial ownership includes options to buy 393,000 shares.
• The Reporting Persons disclaim beneficial ownership of shares owned directly by another reporting person within the group.
• The investment is for passive purposes and not for changing or influencing the control of NextNav Inc.

Sentiment

Score: 5

Explanation: This filing is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding NextNav Inc.'s operational or financial performance.

Positives

• Increased institutional ownership by a significant financial group may signal confidence in NextNav Inc.'s long-term prospects.
• The group's stake of 7.1% represents a notable commitment from sophisticated investors.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance from NextNav Inc. or the reporting entities regarding NextNav's future performance.

Industry Context

The disclosure of a significant passive stake by a group of affiliated investment entities is a common occurrence in the public markets, reflecting institutional interest in a company. Such filings provide transparency into major ownership positions, which can influence market perception and investor sentiment.

Stakeholder Impact

• Shareholders may view the increased institutional ownership as a positive signal, potentially enhancing market confidence and liquidity for NextNav Inc.'s stock.

Key Dates

Keywords

NextNav Inc., NN, Capital Ventures International, Susquehanna Advisors Group, G1 Execution Services, Susquehanna Securities, Beneficial Ownership, Institutional Investment, Common Stock, SEC Filing, Schedule 13G