NN, Inc. Announces $50 Million Net Private Placement of Common Stock and Pre-Funded Warrants
NN, Inc. announced a $50 million net proceeds private investment in public equity (PIPE) financing by issuing 16.1 million shares and pre-funded warrants. The capital will be primarily used to redeem and eliminate Series D Preferred Stock, reducing leverage, and to support business growth through capital expenditures and working capital. The compan…