NEXTNAV INC. — Major Shareholding Notification 2023

Sep 5, 2023

SC 13G/A 1 ea184709-13ga1woody_nextnav.htm AMENDMENT NO. 1 TO SCHEDULE 13G

Field: Rule-Page

Field: /Rule-Page

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Field: Rule-Page

Field: /Rule-Page

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 1)

NextNav Inc.

Field: Rule-Page

Field: /Rule-Page

(Name of Issuer)

Common Stock

Field: Rule-Page

Field: /Rule-Page

(Title of Class of Securities)

65345N106

Field: Rule-Page

Field: /Rule-Page

(CUSIP Number)

August 31, 2023

Field: Rule-Page

Field: /Rule-Page

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

Field: Rule-Page

Field: /Rule-Page

• The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Field: Rule-Page

Field: /Rule-Page

Field: Page; Sequence: 1; Options: NewSection; Value: 1

Field: /Page

Page 2 of 5

SCHEDULE 13G/A

CUSIP No. 65345N106

| 1 | NAME
OF REPORTING PERSON Woody Creek Capital Management LLC | |
| --- | --- | --- |
| 2 | CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) ☐ (b) ☐ |
| 3 | SEC
USE ONLY | |
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION Delaware | |

| NUMBER
OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH | SOLE
VOTING POWER 0 |
| --- | --- |
| 6 | SHARED
VOTING POWER 0 (1) |
| 7 | SOLE
DISPOSITIVE POWER 0 |
| 8 | SHARED
DISPOSITIVE POWER 0 (1) |

| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 (1) |
| --- | --- |
| 10 | CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ |
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% (1) |
| 12 | TYPE
OF REPORTING PERSON IA |

(1) See Item 4 below. This constitutes an exit filing for the Reporting Person.

Field: Page; Sequence: 2; Value: 1

Field: /Page

Page 3 of 5

Explanatory Note:

This Amendment No. 1 to Schedule 13G is filed by Woody Creek Capital Management LLC (the “ Reporting Person ”), whose sole member is Timothy M. Presutti, with respect to the Common Stock of NextNav Inc. (the “ Issuer ”). As of August 14, 2023 the Reporting Person is no longer the investment manager of Black Feathers, L.P. (f/k/a WOCAP Global Opportunity Investment Partners, L.P.), and as a result, the Reporting Person no longer beneficially owns any of the Issuer’s Common Stock. Accordingly, this Amendment No. 1 to Schedule 13G constitutes an exit filing for the Reporting Person.

Item 1(a). Name of Issuer

NextNav Inc.

Item 1(b). Address of Issuer’s Principal Executive Offices

1775 Tysons Blvd., 5th Floor, McLean, Virginia 22102

Item 2(a). Name of Person(s) Filing

Woody Creek Capital Management, LLC

Item 2(b). Address of Principal Business Office or, if none, Residence

616 E. Hyman, Suite 202, Aspen, Colorado 81611.

Item 2(c). Citizenship

Delaware

Item 2(d). Title of Class of Securities

Common Stock, par value $0.0001 per share.

Item 2(e). CUSIP Number

65345N106

Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

Not Applicable, this statement is filed pursuant to 13d-1(c).

Item 4. Ownership:

The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page and are incorporated herein.

Item 5. Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒.

Item 6. Ownership of More than Five Percent on Behalf of Another Person:

Not Applicable

Field: Page; Sequence: 3; Value: 1

Field: /Page

Page 4 of 5

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:

Not Applicable

Item 8. Identification and Classification of Members of the Group:

Not Applicable

Item 9. Notice of Dissolution of Group:

Not Applicable

Item 10. Certification:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Field: Page; Sequence: 4; Value: 1

Field: /Page

Page 5 of 5

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: September 5, 2023

WOODY CREEK CAPITAL MANAGEMENT, LLC
By:	/s/ Timothy Presutti
Name:	Timothy Presutti
Title:	Managing Member

Field: Page; Sequence: 5; Options: Last

Field: /Page