NN redeems remaining preferred shares for $30.7 million
Bitget2026/10/08 12:07NN redeemed all 18,400 outstanding shares of its Series D Perpetual Preferred Stock for approximately $30.7 million. Redemption funded with proceeds from a $53.1 million PIPE private placement completed on Oct. 5, 2026. Transaction captured a $5 million incentive, redeeming a $35.7 million security for $30.7 million. No Series D Perpetual Preferred Stock remains outstanding; all associated holder rights were eliminated. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NN Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610080806PRIMZONEFULLFEED9842159) on October 08, 2026, and is solely responsible for the information contained therein.
- NN redeemed all 18,400 outstanding shares of its Series D Perpetual Preferred Stock for approximately $30.7 million.
- Redemption funded with proceeds from a $53.1 million PIPE private placement completed on Oct. 5, 2026.
- Transaction captured a $5 million incentive, redeeming a $35.7 million security for $30.7 million.
- No Series D Perpetual Preferred Stock remains outstanding; all associated holder rights were eliminated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Eurozone Q3 GDP rises faster by 0.6% vs. flash estimates of 0.4%
Silver price today: Silver broadly unchanged, according to FXStreet data
Strategy CEO Phong Le says MSCI exclusion has little impact, about 3% of stocks are related to the index
Crypto prices
More
