NN, Inc. Redeems All Outstanding Preferred Stock for $30.7 Million

NN, Inc. has completed the redemption and elimination of all its outstanding Series D Perpetual Preferred Stock. The company paid approximately $30.7 million in cash to redeem the 18,400 remaining shares, effectively removing all preferred stock from its balance sheet as part of a strategic effort to simplify its capital structure.

Key Details

• Transaction: Redeemed all 18,400 outstanding shares of Series D Perpetual Preferred Stock on October 7, 2026.
• Financials: The total redemption price was approximately $30.7 million. This included a $5.0 million discount on the security's $35.7 million value, as provided by a prior agreement.
• Funding: The transaction was funded with proceeds from a $53.1 million private investment in public equity (PIPE) placement that closed on October 5, 2026.