NextNav Inc. (NASDAQ:NN) Q4 2023 Earnings Call Transcript

Mariam Sorond: Look, we can share more, but we have to wait for FCC process at this point. I can tell you that we need to work with the FCC for the approval. And talking about how this would look in the future is a little bit premature until we go through that process. But it is exciting combination of assets and technology that we’re talking about over here. So but we will — we are going to be diligent in the FCC process, and we actually don’t want to prematurely be discussing what that looks like.

Timothy Horan: Got it. And so do you have a rough idea when the transaction might close? And do you have — are there any colors on your stock at all for paying the remainder of the $50 million of the company?

Mariam Sorond: So in terms of timing, the court must approve the transaction and assuming that happens, we will also need FCC approval, okay? But right now, our primary focus is on developing the next-generation technology while that’s going on, that will take advantage of 5G.

Operator: And we have no further questions at this time. I will now turn the call back over to Mariam Sorond for closing remarks.

Mariam Sorond: Thank you, everyone, for joining us today. I want to reiterate how excited I am about the technology and the opportunity we see at NextNav. As we advance forward, we will have more to share on our progress. And I look forward to speaking with all of you again on our first quarter earnings call. Thank you.

Operator: This concludes today’s conference call. Thank you for your participation. And you may now disconnect.