$NNBR

Update: NN Enters Securities Purchase Agreement for $75 Million PIPE Financing; Shares Rise

(Updates with the latest stock movement in the headline and the first paragraph.)NN (NNBR) shares were up more than 2% in Wednesday trading after the company said it has entered into a securities purchase agreement for a private investment in public equity financing expected to generate $75 million in gross proceeds.Under the agreement, NN said it will issue 24.5 million shares at $3.06 per share.The company said it plans to use the net proceeds from the offering, which is expected to close on or about Thursday, for working capital, general corporate purposes, and potential balance sheet optimization.Price: $3.67, Change: $+0.08, Percent Change: +2.09%

NN Secures Additional Nvidia AI Data Center Cooling Awards

NN (NNBR) said Monday it secured additional 2026 immediate-supply awards for liquid cooling products used in Nvidia (NVDA) AI data center racks, expanding its liquid cooling product portfolio.The company said the new awards are additive to previously announced wins and support plans to expand to 52 dedicated machines for its liquid cooling business, including 50 production lines and two sample machines, with 100% of production capacity already pre-sold.NN said it is procuring 30 additional CNC machine centers on top of the 17 previously announced and has repurposed five automotive CNC production centers for data center manufacturing.The expansion will support Nvidia's supply chain in China, Taiwan and Vietnam and is expected to add to 2026 sales, NN said.NN shares were up 25% in Monday trading.Price: $3.63, Change: $+0.87, Percent Change: +31.52%

NN Shares Drop After B. Riley Downgrade

NN (NNBR) shares were down over 7% in Monday trading after B. Riley downgraded the stock to neutral from buy.Trading volume stood at more than 750,000 shares against a daily average of around 892,000.Price: $2.59, Change: $-0.22, Percent Change: -7.68%

B. Riley Downgrades NN to Neutral From Buy, Price Target is $3