SCHEDULE: Corre Partners Exits NN Inc. Stake

Corre Partners Management, LLC and its affiliates have filed an exit report, indicating they no longer beneficially own more than 5% of NN Inc. common stock as of June 30, 2026.

Summary

• Corre Partners Qualified Master Fund, LP, Corre Partners Advisors, LLC, Corre Partners Management, LLC, and John Barrett (collectively, the "Reporting Persons") have filed an amendment to their Schedule 13D.
• As of June 30, 2026, the Reporting Persons have ceased to be the beneficial owners of more than 5% of NN Inc. common stock.
• This filing serves as an exit filing for the Reporting Persons.
• The Reporting Persons previously held common stock purchase warrants for NN Inc. common stock, exercisable at $11.03 per share, subject to a 9.99% beneficial ownership limitation.
• Transactions in NN Inc. common stock by the Reporting Persons occurred between June 1, 2026, and June 30, 2026, with prices ranging from $2.90 to $4.25 per share.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as neutral to slightly negative due to the significant sales activity by a former activist investor, indicating a complete exit from a substantial position without exercising warrants, which could imply a lack of confidence in near-term upside at the warrant exercise price.

Positives

• The Reporting Persons have successfully exited their investment position in NN Inc. common stock, indicating a completion of their investment strategy or a shift in focus.
• The filing confirms that the Reporting Persons no longer hold a significant stake (over 5%), which may reduce potential market overhang or activist investor pressure.

Negatives

• The filing details significant sales of NN Inc. common stock by the Reporting Persons throughout June 2026, with a large portion of shares sold on June 29th and June 30th at prices between $3.71 and $4.25.
• The weighted average sale prices on June 29th ($3.8994) and June 30th ($3.8161) are below the exercise price of the warrants ($11.03), suggesting the warrants were not exercised and likely expired or were not exercised due to unfavorable market conditions or price.

Risks

• The Reporting Persons' stated intention to review their investment and potentially take actions such as purchasing additional shares, selling shares, engaging in hedging, or communicating with the board/management indicates a history of active engagement and potential for future influence or disruption.
• The presence of warrants with an exercise price of $11.03, subject to a 9.99% ownership cap, presented a potential for future dilution or significant share acquisition if exercised.

Future Outlook

The Reporting Persons have indicated they may take various actions with respect to their investment, including purchasing additional shares, selling shares, engaging in hedging, or communicating with the Issuer's board and management regarding strategic and governance matters. However, this exit filing signifies their departure from a significant ownership position.

Industry Context

StockSavvy.ai notes that this Schedule 13D filing represents an 'exit filing' by Corre Partners, a known activist investor. Their departure from a significant stake in NN Inc. suggests a potential shift in the company's shareholder dynamics and may signal the end of a period of heightened investor scrutiny or engagement.

Stakeholder Impact

• Shareholders may experience reduced market overhang from a significant investor's exit.
• The departure of an activist investor could signal a change in the company's strategic direction or governance focus.

Next Steps

• The Reporting Persons have ceased to be beneficial owners of more than 5% of NN Inc. common stock.
• The Reporting Persons may continue to review their investment and potentially engage in future transactions.

Key Dates

Recommendation

The filing indicates an exit by a significant investor, which removes potential activist pressure but also suggests the investor did not see further upside at the warrant exercise price. The company's future performance and strategic execution will be key drivers for investors.

Keywords

NN Inc., Schedule 13D, Corre Partners, John Barrett, Exit Filing, Beneficial Ownership, Common Stock, Warrants, Securities Purchase Agreement, Registration Rights Agreement