NN, Inc. (NNBR) Reports Processing of its CARES Act Refund of >$10 million

4 hours ago 3

Noor Ul Ain Rehman

Thu, May 7, 2026 astatine 12:27 PM CDT 1 min read

NN, Inc. (NASDAQ:NNBR) is 1 of the apical 10 blistery penny stocks to bargain now. NN, Inc. (NASDAQ:NNBR) announced connected April 30 that it has been notified that its CARES Act refund of >$10 cardinal has been processed for payment. Chief Executive Officer of NN, Inc., Harold Bevis, stated that the institution is increasing astatine a “historically precocious rate” due to the fact that of the occurrence of its maturation programs and spot successful definite markets. Bevis added that NN, Inc. (NASDAQ:NNBR) borrowed $10 cardinal successful Q1 2026 to money definite maturation areas with some superior instrumentality and moving capital, adding that this US taxation refund volition much than offset that borrowing, offering the institution much country to grow.

NN, Inc. (NASDAQ:NNBR) stated that the supra accusation is based connected accusation received from the IRS, and that the institution is finalizing its fiscal results for the 4th ended March 31, 2026, and volition update its fiscal outlook connected May 6, 2026.

NN, Inc. (NASDAQ:NNBR) is progressive successful the plan and manufacture of high-precision components and assemblies chiefly for the electrical, automotive, wide industrial, aerospace and defense, and aesculapian markets. The company’s operations are divided into the Mobile Solutions and Power Solutions segments.

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