NN, Inc. Eliminates All Series D Preferred Stock

NN, Inc. (NASDAQ: NNBR) eliminated all of its remaining 18,400 shares of Series D Preferred Stock, redeeming them for $30.7 million using proceeds from its recent $53.1 million PIPE. This move effectively removes all associated liabilities from the Company's balance sheet and marks a key step in its deleveraging and capital structure transformation plans.