Financing ·
NN Inc raises $50M net via PIPE of common stock and pre-funded warrants to retire preferred equity
NNBRNN Inc
NN, Inc. closed a private placement on October 5, 2026, issuing approximately 16.1 million shares (including pre-funded warrants) at $3.30 per share for gross proceeds of roughly $53 million and net proceeds of approximately $50 million after fees. The company intends to use the majority of these funds to redeem its remaining Series D Preferred Stock held by Morgan Stanley Tactical Value funds, thereby eliminating all dilutive equity securities. The remainder will support business growth through capital expenditures and working capital for new product lines including liquid cooling connectors and cable assemblies. NN operates as a global precision manufacturing company specializing in micron-toleranced metal components for data center, defense, medical, and high-value vehicle markets.