NN Inc prices unregistered PIPE at $3.30 per share for $50 million net proceeds
NNBR•NN Inc. priced a PIPE expected to deliver about $50 million in net proceeds, issuing 16.1 million common shares or pre-funded warrants, with closing targeted for Oct. 5, 2026.
1. PIPE terms
The offering covers 16.1 million common shares at $3.30 per share or pre-funded warrants at $3.29 each. The warrants have a $0.01 exercise price, are immediately exercisable subject to conditions and do not expire. Most proceeds are earmarked to redeem and eliminate the remaining Series D Preferred Stock held by Morgan Stanley Tactical Value funds; the rest is set for growth investment, including capital spending and working capital.
