Financing ·
On July 31, 2026, T1 Energy Inc. completed the private placement of $120.0 million aggregate principal amount of its…
TET1 Energy Inc.
On July 31, 2026, T1 Energy Inc. completed the private placement of $120.0 million aggregate principal amount of its 4.75% Convertible Senior Notes due 2031 to qualified institutional buyers. The notes bear interest payable semi-annually on February 1 and August 1, beginning February 1, 2027, with an initial conversion price of approximately $4.46 per share. Net proceeds will fund Phase 1 construction of the G2_Austin solar cell fab and general corporate purposes as a bridge to comprehensive financing. The company operates in the renewable energy sector, specifically manufacturing solar cells.