Market News / Story
NN Completes Final Redemption of Series D Preferred, Eliminates $35.7M Security for $30.7M
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NN completed the final redemption of all Series D Perpetual Preferred Stock for approximately $30.7 million. Key Highlights: Redeemed all 18,400 outstanding Series D preferred shares for ~ $30.7M, eliminating the security from the balance sheet. Redemption price reflects a $5.0M reduction under the August 5, 2026 exchange agreement with the holder. Redemption funded with proceeds from a $53.1M PIPE completed Oct 5, 2026, improving capital flexibility. Holder’s rights,…