NN, Inc. eliminates preferred stock. NN, Inc. stock falls 2.23 percent

Published on 10/08/2026 at 16:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NN, Inc. redeemed 18,400 preferred shares for USD 30.7 million on October 8, 2026. NN, Inc. stock costs EUR 3.51 on October 8, 2026 after EUR 3.59.

Key points in brief

NN, Inc. completed the redemption of 18,400 Series D preferred shares for USD 30.7 million on October 8, 2026.
The redemption used proceeds from a USD 53.1 million private placement completed on October 5, 2026.
NN, Inc. stock was trading at EUR 3.51 at Lang & Schwarz, down 2.23 percent from EUR 3.59.
The next earnings call is scheduled for October 29, 2026, when NN plans to provide updated guidance.

NNBR, US6293371067, Illustration mit AI erstellt.

NN, Inc. (ISIN US6293371067) completed the redemption of 18,400 Series D perpetual preferred shares for USD 30.7 million on October 8, 2026, according to GlobeNewswire. The transaction removed the remaining preferred stock from the balance sheet, while NN, Inc. stock was trading at EUR 3.51 at Lang & Schwarz, down 2.23 percent versus the prior close of EUR 3.59.

Three balance-sheet milestones

GlobeNewswire reported that NN generated USD 128.7 million in net sales during the second quarter of 2026, up 19.3 percent from the second quarter of 2025. On October 2, 2026, GlobeNewswire reported that NN had announced a USD 50.0 million net private placement.

The chronological sequence is clear. On August 5, 2026, NN reported second-quarter net sales of USD 128.7 million and adjusted EBITDA of USD 17.9 million. On October 2, 2026, the company announced the USD 50.0 million private placement, with 16.1 million common shares or pre-funded warrants priced at USD 3.30. On October 8, 2026, it completed the preferred-stock redemption for USD 30.7 million.

What does the redemption change?

The preferred security had a stated value of USD 35.7 million, but NN redeemed it for USD 30.7 million after receiving a USD 5.0 million incentive from the holder, according to GlobeNewswire. The transaction therefore reduced the security obligation by USD 5.0 million against its stated value and removed 18,400 preferred shares and all associated holder rights.

Next reporting date is October 29

NN said it plans to provide updated guidance during its next earnings call on October 29, 2026, according to GlobeNewswire. That update will follow the balance-sheet transaction and the second-quarter comparison of USD 128.7 million in sales against USD 107.9 million a year earlier.

Stock remains below prior close

At 4:39 p.m. CEST on October 8, 2026, NN, Inc. stock was trading at EUR 3.51 at Lang & Schwarz, down 2.23 percent from the Lang & Schwarz prior close of EUR 3.59 on October 7, 2026. On Nasdaq, the stock was last at USD 3.91 at 10:47 a.m. ET on October 8, 2026; the 52-week range was USD 1.10 to USD 4.79, and market capitalization was USD 322.7 million.

The further course of trading is shown by the continuously updated real-time quote of NN, Inc. stock.