T1 Energy closes $161M convertible note and $161M equity offering, net proceeds ~$304M

T1 Energy Inc.

Offered $161M 5.25% Convertible Senior Notes due 2030 at 100% of principal; over-allotment fully exercised.
Offered 32.5M common shares at $4.95 per share; over-allotment fully exercised.
Combined net proceeds estimated at ~$304.2M after underwriting discounts and expenses.
Proceeds used for FEOC compliance, repayment of indebtedness, advancement of G2_Austin 2.1 GW phase, and working capital.
Conversion price ~$6.93/share (40% premium to stock offering price); notes redeemable after Dec 2028 under conditions.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

T1 Energy Inc. incurred convertible notes of $161,000,000 with U.S. Bank Trust Company, National Association at 5.25% maturing December 1, 2030.

Instrument: convertible notes
Principal: $161,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.25%
Maturity: December 1, 2030
Event: incurrence

Exact text from the filing

On December 16, 2025, T1 Energy Inc. (the "Company") completed its previously announced public offering of $161.0 million aggregate principal amount of the Company’s 5.25% Convertible Senior Notes due 2030 (the "Convertible Notes") (including $21.0 million aggregate principal amount of Convertible Notes pursuant to the underwriters’ option to purchase additional Convertible Notes to cover over-allotments, which was exercised in full on December 12, 2025) at a public offering price of 100% of the principal amount thereof (the "Convertible Notes Offering").

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T1 Energy Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-122336

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