NextNav | BARTON VC

Barton Venture Capital Announces $1.15 million Strategic Investment in NextNav (Nasdaq: NN), Recognizing Critical Role in GPS, PNT, and Spectrum Innovation

Aspen, CO – August 13, 2023 – Barton Venture Capital ("Barton VC") annouces the completion of a $1.15 million investment in NextNav (Nasdaq: NN). This investment, made between March 2023 and August 2023 through open market transactions and warrants, reflects a strong conviction in NextNav’s leadership position at the intersection of advanced GPS, positioning, navigation, and timing (PNT) technologies and spectrum-driven opportunities.

NextNav has emerged as a vital player in providing critical PNT solutions, particularly as national security, public safety, and commercial markets reevaluate their reliance on traditional GPS systems.

“I’ve spent my 35 career in telecommunications investing at the convergence of telecommunications, and infrastructure,” said Chris Barton, Managing Director of Barton VC. “NextNav represents a unique opportunity to align spectrum innovation with essential national needs in secure GPS and PNT. The company’s technology is not only solving fundamental challenges in resiliency and reliability but also positioning itself at the heart of the next wave of spectrum-powered applications including EMS/first responder support, position-based advertising, gaming, transportation and other hyper-growth future markets.

Strategic Rationale

Critical National Infrastructure: As GPS vulnerabilities increasingly draw concern from government and commercial sectors, NextNav’s TerraPoiNT system provides resilient, terrestrial-based PNT alternatives.
Spectrum Value Creation: NextNav holds unique licensed spectrum assets that can be leveraged for both mission-critical infrastructure and high-growth commercial applications.
Market Leadership: Led by an experienced executive team and supported by a forward-looking board, NextNav is strategically positioned in a sector undergoing rapid global demand expansion.
Convergence of Public and Private Needs: The company is at the center of efforts to secure national security interests while powering next-generation consumer, enterprise, and transportation systems.

With a deep understanding of telecommunications and spectrum-based markets built over decades of operating and investing in the industry, Barton VC continues to identify opportunities like NextNav that meet both strategic infrastructure needs and offer compelling investment returns.

About NextNav
NextNav Inc. (Nasdaq: NN) provides next-generation GPS and 3D geolocation technologies that deliver precise, reliable, and resilient positioning, navigation, and timing (PNT) services. Its TerraPoiNT and Pinnacle solutions are designed to enhance resilience, enable next-generation applications, and support national critical infrastructure.

About Barton VC:

Barton Venture Capital is a wholly owned subsidiary of Barton Holdings, Inc. a diversified venture capital and private equity investment firm. Barton VC focuses on making private investments in companies in artificial intelligence, fintech, telecommunications, healthcare, energy, water, and consumer technologies. Barton VC works with its investment and portfolio company partners to bring capital as well as strategic and operational expertise to startup and mid-market technology-driven businesses.