StocksMedium•8 October 2026•
1 min read
NN, Inc. Eliminates All Preferred Stock to Strengthen Balance Sheet
Key Facts
1NN, Inc. announced the completion of a balance sheet transaction to eliminate all of its outstanding preferred stock.
NN, Inc. announced the completion of a balance sheet transaction to eliminate all of its outstanding preferred stock. The company stated via GlobeNewswire that it redeemed 18,400 shares of its Series D Perpetual Preferred Stock for approximately $30.7 million, effectively eliminating all associated holder rights.
The move is part of a broader strategy to simplify the company's capital structure and improve its balance sheet following a $50 million private placement. NNBR closed at $4.02 on October 7, 2026, as the manufacturer aims to use the newly created capital flexibility to accelerate its business plans in precision manufacturing markets.