NN, Inc. redeems all preferred stock for $30.7 million

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Go back to NN, Inc. redeems all preferred stock for $30.7 million

NN, Inc. Eliminates all of its Preferred Stock

October 8, 2026 8:06 AM EDT

CHARLOTTE, N.C., Oct. 08, 2026 (GLOBE NEWSWIRE) -- NN, Inc. (NN or the Company) (NASDAQ: NNBR), a global leader in precision manufacturing, today announced that it had completed an important balance sheet transaction.

The Company has redeemed, paid off and eliminated all of its remaining 18,400 outstanding shares of its Series D Perpetual Preferred Stock, par value $0.01 per share (the Preferred Stock") for approximately $30.7 million.

The redemption was funded with proceeds raised from the Company's $53.1 million private investment in public equity (PIPE) private placement completed on October 5, 2026. Additionally, the... More