BlackRock, Inc. Reports 5.1% Ownership in NEXTNAV INC.

BlackRock, Inc. has filed a Schedule 13G with the SEC, disclosing a 5.1% ownership stake in NEXTNAV INC. The filing indicates that BlackRock beneficially owns 6,802,225 shares of NEXTNAV's common stock, with sole voting power over 6,653,767 shares and sole dispositive power over all 6,802,225 shares. The filing also notes that various persons have the right to receive dividends or direct the sale of these shares, but no single person's interest exceeds 5% of the total outstanding shares. The filing was made under Rule 13d-1(b) and includes certifications that the shares were acquired and are held in the ordinary course of business, not for the purpose of influencing control of NEXTNAV.