NN, Inc. Announces $50 Million Private Placement to Fund Growth and Debt Redemption

Key Facts

1NN, Inc. announced it has entered into a securities purchase agreement for a private investment in public equity (PIPE) financing.

2The offering is expected to result in net proceeds of approximately $50 million after deducting fees and expenses.

NN, Inc. announced it has entered into a securities purchase agreement for a private investment in public equity (PIPE) financing expected to yield approximately $50 million in net proceeds. According to a statement on GlobeNewswire, the company will issue 16.1 million shares of common stock at a price of $3.30 per share, with the offering slated to close on or about October 5, 2026.

NNBR closed at $3.63 on October 1, 2026, as the company prepares to use the majority of the proceeds for the final redemption of Series D Preferred Stock held by Morgan Stanley Tactical Value funds. The capital raise follows a strong third quarter in 2026, which saw sales reach their highest levels in eight years and the securing of $130 million in new business over the past 12 months.