secwatch.observer — SEC 8-K summary
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Issuer:     NN INC (NNBR)
CIK:        0000918541
Form:       8-K
Filed at:   2026-10-05T20:32:36+00:00
Accession:  0000918541-26-000105
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918541/000091854126000105/0000918541-26-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918541/000091854126000105/nnbr-20261001.htm
  HTML page:      https://secwatch.observer/filing/0000918541-26-000105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer