T1 Energy to acquire KORE Power for ~$32M in stock, cash and debt; stock component up to $24.7M

T1 Energy Inc.

Purchase enterprise value ~$32M, including ~$9.6M in common stock at closing (subject to adjustments).
Additional earn-out potential up to $9.6M payable in stock for FY2026-2027 based on performance metrics.
Conditional stock payment of $5.5M if specific receivable paid to KORE by earn-out payment date.
Shares priced on 10-day VWAP; exemption under Section 4(a)(2); closing expected Q2 2026.

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