NN Inc prices unregistered PIPE at $3.30 per share for USD 50 million net proceeds
Bitget2026/10/02 12:01- 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.
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