NextNav announced the appointment of Jonathan A. Marcus to the Company?s Board of Directors, effective May 16, 2024. Mr. Marcus currently serves as the Chairman of Alimco Financial Corp., (?Alimco?) and previously served as CEO of Alimco from March 2019 to May 2023. He is also currently on the board of directors for Anacomp Inc. and Kaspien Holdings Inc. Earlier in his career, Mr. Marcus was a managing member and co-founder of Broadbill Partners, L.P., a fund focused on special situations and distressed securities.

Prior to Broadbill, Mr. Marcus was the Chief Investment Officer of Cypress Management, L.P., the predecessor fund to Broadbill, which he founded in 1995. Mr. Marcus? career also includes extensive investment banking and financial advisory work at Prudential-Bache Securities and Credit Suisse First Boston.

Since January 2018, Mr. Marcus has served as Special Advisor to Milfam LLC.