Mergers & Acquisitions ·
On July 28, 2026, T1 Energy Inc. completed the acquisition of intellectual property and proprietary rights related to…
TE-WTT1 Energy Inc.
On July 28, 2026, T1 Energy Inc. completed the acquisition of intellectual property and proprietary rights related to TOPCon solar cell technology from Evervolt Green Energy Holding Pte, Ltd. for a total consideration of $135 million, comprising a $2 million option premium and a $133 million purchase price. The purchase price is payable in four tranches: $60 million within three business days, $25 million on September 30, 2026, $30 million on October 15, 2026, and $18 million on October 30, 2026. T1 intends to pay the first tranche via issuance of common stock at a 15% discount to the volume-weighted average price, with subsequent tranches payable in cash, stock, or a combination. Concurrently, the company terminated existing IP license agreements with Evervolt. T1 Energy Inc. operates in the renewable energy sector, specifically as a vertically integrated solar manufacturing company building a domestic U.S. supply chain.