T1 Energy Inc. Completes $184M Convertible Notes Offering

Summary

On April 17, 2026, T1 Energy Inc. completed its public offering of $184.0 million aggregate principal amount of 4.00% Convertible Senior Notes due 2031. The Convertible Notes were issued at a public offering price of 100% of the principal amount. The Company estimates that the net proceeds from the Offering will be approximately $174.7 million, after deducting underwriting discounts and commissions and the Company's estimated offering expenses. The Company expects to use the net proceeds for (i) construction and development of infrastructure and purchase of production line equipment relating to Phase 1 of its G2_Austin solar cell fab with 2.1 GW of capacity and (ii) general corporate purposes. The Convertible Notes will bear interest at a rate of 4.00% per annum, payable semi-annually in arrears, and will mature on April 15, 2031. Holders may convert their Convertible Notes at their option only in certain circumstances, with an initial conversion rate of 146.9724 shares of the Company's common stock per $1,000 principal amount of the Convertible Notes.