T1 Energy Inc. Completes $304.2M Public Offering

Summary

T1 Energy Inc. successfully completed a public offering on December 16, 2025, raising approximately $304.2 million net proceeds through the sale of 5.25% Convertible Senior Notes due 2030 and 32,525,254 shares of common stock. The net proceeds will be used to comply with foreign entities of concern provisions, for working capital, and for general corporate purposes. The Convertible Notes, issued under an indenture, will bear interest at a rate of 5.25% per annum, and will mature on December 1, 2030 unless earlier repurchased, redeemed, or converted. Holders may convert their Convertible Notes under certain conditions and the Company will settle conversions by paying cash, shares of its common stock, or a combination thereof. The Convertible Notes will not be redeemable before December 6, 2028, and if a 'fundamental change' occurs, holders may require the Company to repurchase their Convertible Notes.