T1 Energy pro forma shows $151M operating loss on $3M revenue for 2024 post-Trina acquisition

T1 Energy Inc.

Pro forma net loss from continuing ops $149.9M; net loss attributable to common shareholders $153.5M ($0.99 diluted EPS).
Pro forma net sales only $3.0M, consisting of $2.9M from T1 Energy and $48K from Trina Solar US Holding.
Total acquisition consideration for Trina Business Combination: $406.8M, including $150.6M cash and $117.7M note.
Goodwill of $74.5M recognized; preliminary purchase price allocation subject to change within 12 months.
Company must divest European business by June 2025 or pay $2M/month penalty, but no adjustment recorded as not probable.

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