NextNav (NASDAQ:NN) Shares Gap Up to $3 89 themarketsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themarketsdaily.com Daily Mail and Mail on Sunday newspapers.
Nextnav shares jumped past 28% in recent Monday trading after the tech company said it will acquire for up to $50 million additional spectrum licenses in the lower 900 MHz band from Telesaurus.
New Licenses Cover an Additional 4 MHz in the lower 900 MHz Band NextNav’s Combined Spectrum Portfolio will Total 3.5 billion MHz-PoPs at Close MCLEAN, Va., March 11, 2024 NextNav a leader.
Tech stocks were lower Monday afternoon, with the Technology Select Sector SPDR Fund decreasing 0.2% and the SPDR S&P Semiconductor ETF down 0.5%.
The Philadelphia Semiconductor index fell.