NN, Inc. Prices $75M PIPE at $3.06 for 24.5M Shares to Strengthen Balance Sheet
NNBR•NNBR•NNBR•NNBR•NN, Inc. secured gross proceeds of $75.0 million through a private placement of 24,509,804 shares priced at $3.06 per share, expected to close on July 2, 2026. The company plans to allocate net proceeds to working capital and balance sheet optimization measures.
NN has entered into a securities purchase agreement to raise gross proceeds of $75.0 million through a private investment in public equity financing, issuing 24,509,804 common shares at $3.06 per share. The PIPE is scheduled to close on or about July 2, 2026, subject to standard closing conditions.
Net proceeds from the offering will be allocated to working capital requirements and general corporate purposes, including initiatives aimed at optimizing NN’s balance sheet and enhancing long-term financial flexibility.
Craig-Hallum Capital Group LLC served as the sole placement agent for the transaction. NN was advised by Cooley LLP while Faegre Drinker Biddle & Reath represented the placement agent.
