T1 Energy concludes FEOC restructuring, repays $274M debt, removes Trina director nomination right

T1 Energy Inc.

Trina's right to nominate directors removed; lock-up provisions also eliminated.
Cash payment of $274M plus 3M common shares to Trina to satisfy $150M Loan Note and partial Production Reservation Fee.
IP license transferred from Trina to non-FEOC entity Evervolt; Trademark License terminated.
$155M of $220M Production Reservation Fee discharged; $65M remains outstanding.
OBBBA compliance actions aim to preserve eligibility for Section 45X tax credits in 2026.

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