NN Inc. received about $50 million after expenses, giving it more cash. But 11.3 million new shares and warrants for up to 4.8 million more could shrink current owners' stakes, outweighing that benefit.
The cash gives NN Inc. more resources, but new shares leave current owners with a smaller part of the company. Warrants can add up to 4.8 million more shares at $0.01 per share. That ownership cost outweighs the cash benefit here.
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