---
schema_version: "secwatch.filing_event.v1"
accession: "0000918541-26-000105"
form_type: "8-K"
ticker: "NNBR"
cik: "0000918541"
company_name: "NN INC"
filed_at: "2026-10-05T20:32:36+00:00"
generated_at: "2026-10-12T14:57:27.097295+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NN raises $50M PIPE at $3.30/share to eliminate Series D preferred stock; Q3 sales highest in 8 years

## Summary
- NN sold 11,275,605 shares at $3.30 plus pre-funded warrants for 4,824,395 shares at $3.29 in a PIPE with 10 investors; ~$50M net proceeds; closed Oct. 5, 2026.
- Majority of net proceeds fund final redemption and full elimination of remaining Series D Preferred Stock held by Morgan Stanley Tactical Value funds; remainder funds capex and working capital.
- Q3 2026 sales were the highest in 8 years; NN secured ~$130M of annual new business over the last 12 months and won over 200 programs this year.
- Post-issuance shares outstanding were 93,744,210; Lake Street Capital Markets was sole placement agent for a 6.0% fee; resale registration due within 45 days.
- CEO Harold Bevis said the next step is refinancing the high-cost Term Loan, targeting a multi-million dollar cash interest reduction.

## SEC filing metadata
- accession: 0000918541-26-000105
- form_type: 8-K
- ticker: NNBR
- cik: 0000918541
- company_name: NN INC
- filed_at: 2026-10-05T20:32:36+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/918541/000091854126000105/0000918541-26-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/918541/000091854126000105/nnbr-20261001.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000918541-26-000105
- JSON: https://secwatch.observer/filing/0000918541-26-000105.json
- Plain text: https://secwatch.observer/filing/0000918541-26-000105.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.