---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-094750"
form_type: "8-K"
ticker: "TE"
cik: "0001992243"
company_name: "T1 Energy Inc."
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:52:56.207056+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# FREYR acquires Trina Solar US manufacturing assets; CEO Jensen steps down

## Summary
- Acquires Trina Solar US entities for $100M cash, 15.4M shares, $150M 1% note, and $80M 7% convertible note (convertible into up to 30.4M shares).
- Tom Einar Jensen resigns as CEO and director immediately; Daniel Barcelo appointed CEO.
- Encompass Capital invests $100M in non-voting preferred stock (6% cash interest, 3-yr term, convertible at $2.50/share).
- Chunyan Wu (Trina co-founder) subscribes for $14.8M of FREY common at $1.05/share (10% of outstanding).
- Post-closing, FREYR must divest its European business; if proceeds <$45M, pays 19.9% of shortfall to seller.

## SEC filing metadata
- accession: 0001213900-24-094750
- form_type: 8-K
- ticker: TE
- cik: 0001992243
- company_name: T1 Energy Inc.
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1992243/000121390024094750/0001213900-24-094750-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1992243/000121390024094750/ea022002201-8k_freyr.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-094750
- JSON: https://secwatch.observer/filing/0001213900-24-094750.json
- Plain text: https://secwatch.observer/filing/0001213900-24-094750.txt

## Key facts
- Executive change
  Tom Einar Jensen departed as Chief Executive Officer at T1 Energy Inc..
  - Action: resigning
  - Role: Chief Executive Officer
  source text: Tom Einar Jensen, the Company’s Chief Executive Officer (“ CEO ”), would be resigning from his position as CEO and as a director of the Company, effective immediately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1992243/000121390024094750/0001213900-24-094750-index.htm
- Executive change
  David Gustafson was appointed as Chief Operating Officer at T1 Energy Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: the FREYR Board appointed David Gustafson, currently an employee of TUM 1, as its Chief Operating Officer, effective as of, and subject to, the Closing of the Transactions
  evidence_url: https://www.sec.gov/Archives/edgar/data/1992243/000121390024094750/0001213900-24-094750-index.htm
- Executive change
  Daniel Barcelo was appointed as Chief Executive Officer at T1 Energy Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the FREYR Board appointed Daniel Barcelo as its CEO, effective on November 6, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1992243/000121390024094750/0001213900-24-094750-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.