NN Inc. redeems all Series D preferred stock for $30.7 million
NN, Inc. redeemed all 18,400 remaining shares of its Series D Perpetual Preferred Stock on October 7, 2026, for about $30.7 million in cash, ending the holder's rights including its board observer rights. The payment reflects a $5.0 million reduction under an August 5, 2026 exchange agreement, and the company said the redemption was funded by a $53.1 million private placement completed October 5, 2026. The company said it will provide updated guidance on its October 29, 2026 earnings call.
Key points
- 18,400 Series D preferred shares redeemed on October 7, 2026, for about $30.7 million
- The $5.0 million reduction under the August 5, 2026 Exchange Agreement with NHTV Nevada Holdings LP lowered the payment from the $35.7 million security value
- Funded by proceeds from a $53.1 million PIPE placement completed October 5, 2026
- No Series D preferred shares remain outstanding; updated guidance is due on the October 29, 2026 earnings call
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 08, 2026.
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