NN redeems remaining preferred shares for $30.7 million
NNBR•NN redeemed all 18,400 outstanding Series D Perpetual Preferred Stock shares for approximately $30.7 million, funded with proceeds from a $53.1 million PIPE private placement completed Oct. 5, 2026.
1. Preferred shares redeemed
NN redeemed all 18,400 outstanding Series D Perpetual Preferred Stock shares for approximately $30.7 million. The transaction used proceeds from a $53.1 million PIPE private placement completed Oct. 5, 2026, and redeemed a security valued at $35.7 million for $30.7 million, capturing a $5 million incentive. No Series D shares remain outstanding, and all associated holder rights were eliminated.
