NextNav Issues Statement on FCC Regulatory Process and Strategic Priorities

October 8, 2026 | RESTON, Va - NextNav Inc. (NASDAQ:NN) released the following statement from Renee Gregory, Head of Regulatory and Government Affairs, on the FCC regulatory process and strategic priorities.

"We have full confidence in the Federal Communications Commission's (FCC) rigorous review process and the Administration's commitment to strengthening America's Positioning, Navigation, and Timing (PNT) resilience - a strategic imperative that aligns with NextNav's core mission.

The regulatory path forward reflects long-standing U.S. policy objectives and the urgent need to develop a layered approach to PNT resilience. Our ground-based, 5G-powered 3D PNT solution can provide America with a near-term solution that delivers significant national security, public safety, and economic benefits, at no cost to taxpayers.

We welcome the rigor of the FCC process where technical claims can be evaluated in a fact-based, engineering-driven process."

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target," or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various assumptions and are not predictions of actual performance.

These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, the following factors: difficulties, delays, or unforeseen challenges in the development, deployment, operation, or integration of NextNav's network, assets, software, or other technologies, including its next-generation terrestrial 3D PNT technology; adverse regulatory developments, including action or inaction by the Federal Communications Commission ("FCC") or other federal or state governmental authorities affecting spectrum allocation, location-based services, the use of licensed spectrum, or E911 or related requirements; the outcome and timing of NextNav's pending petition for rulemaking before the FCC and the possibility that the FCC may not issue a notice of proposed rulemaking ("NPRM"), may delay or decline to adopt a subsequent report and order ("R&O"), or may adopt rules that differ materially from those sought by NextNav; and NextNav's ability to execute its business plan, including entering into and maintaining strategic partnerships, managing growth, and achieving or sustaining profitability.

These factors are not exhaustive. Additional risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements are described in NextNav's filings with the Securities and Exchange Commission, including, but not limited to, the "Risk Factors" section of NextNav's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.