T1 Energy Inc. announced the pricing of $140.0 million aggregate principal amount of 5.25% convertible senior notes due 2030 and 28,282,830 shares of common stock at $4.95 per share. The net proceeds from the offerings are estimated to be approximately $264.3 million. The Common Stock Offering is expected to close on December 15, 2025, while the Convertible Notes Offering is expected to close on December 16, 2025. The Convertible Notes will be senior unsecured obligations of T1 Energy, with interest payable semi-annually. Holders may convert their Convertible Notes under certain circumstances.

The Company plans to use the net proceeds from the offerings for various purposes, including becoming compliant with foreign entities of concern provisions, working capital, and infrastructure advancement. The Convertible Notes will not be redeemable before December 6, 2028, and will be convertible under certain conditions. T1 Energy will use a portion of the proceeds to advance infrastructure relating to the first phase of its G2_Austin facility. The offerings are not conditioned upon one another.

Santander and J.P. Morgan are acting as joint bookrunning managers for the offerings, with BTIG and Roth Capital Partners as co-managers. T1 Energy is focused on building an integrated U.S. supply chain for solar and batteries, with plans to expand operations in America and explore optimization opportunities in Europe. The Company cautions that forward-looking statements are subject to risks and uncertainties, and actual results may differ from expectations.

Read more at GlobeNewswire: T1 Energy Announces Pricing of Concurrent Public Offerings