Corre Partners Management Reduces Stake in NN, Inc. to 8.2%

On May 29, 2026, Corre Partners Management, LLC, along with its affiliates Corre Opportunities Qualified Master Fund, LP, Corre Partners Advisors, LLC, and John Barrett, filed an amendment to their Schedule 13D regarding their investment in NN, Inc. (NNBR). The filing indicates a decrease in their collective beneficial ownership to 4,386,665 shares, representing approximately 8.2% of the company's outstanding common stock. This is a reduction from their previously reported 9.99% stake (5,063,413 shares). The decrease resulted from a series of open-market sales conducted between May 7 and May 29, 2026, at weighted average prices ranging from approximately $2.46 to $3.11 per share. The reporting persons originally acquired the shares for investment purposes and intend to continue reviewing their position, which may include further buying or selling of securities depending on market conditions and the issuer's strategic direction. The group also holds common stock purchase warrants, which are subject to a 9.99% beneficial ownership limitation.