Financing ·
On June 30, 2026, NN, Inc. entered into a Securities Purchase Agreement to sell 24,509,804 shares of common stock to…
NNBRNN Inc
On June 30, 2026, NN, Inc. entered into a Securities Purchase Agreement to sell 24,509,804 shares of common stock to institutional investors in a private placement at $3.06 per share. The transaction is expected to close on or about July 2, 2026, providing total gross proceeds of $75.0 million. Craig-Hallum Capital Group LLC served as the placement agent and will receive a fee of approximately 6.0% of gross proceeds. The company also entered into a registration rights agreement to facilitate the resale of these shares. NN, Inc. provides precision components and assemblies for various industrial applications.