NN Inc prices unregistered PIPE at $3.30 per share for USD 50 million net proceeds

Bitget2026/10/02 12:01

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NN Inc. priced a PIPE expected to deliver about USD 50 million in net proceeds, with closing targeted for Oct. 5, 2026.
Deal issues 16,100,000 common shares or pre-funded warrants at USD 3.30 per share or USD 3.29 per warrant.
Pre-funded warrants carry a USD 0.01 exercise price, are immediately exercisable, subject to conditions, and do not expire.
Most proceeds earmarked to redeem and eliminate the remaining Series D Preferred Stock held by Morgan Stanley Tactical Value funds.
Remaining funds set for growth investment, including capital spending and working capital to support expansion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NN Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610020800PRIMZONEFULLFEED9838669) on October 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NN Inc prices unregistered PIPE at $3.30 per share for USD 50 million net proceeds

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