Financing ·
NN Inc. Redeems Remaining Series D Preferred Stock for $30.7M, Eliminating All Perpetual Shares
NNBRNN Inc
NN Inc. completed the final redemption of all 18,400 outstanding shares of its Series D Perpetual Preferred Stock on October 7, 2026, paying approximately $30.7 million in cash. The transaction utilized proceeds from a $53.1 million PIPE private placement and benefited from a $5.0 million incentive under an agreement with the sole holder, NHTV Nevada Holdings LP. This redemption eliminates all preferred equity from the company's capital structure and terminates associated rights, including board observer privileges. NN Inc. is an entrepreneurial manufacturing company specializing in micron-tolerance precision metal componentry for high-growth end markets.