T1 Energy issues $120M 4.75% convertible notes due 2031 to fund G2_Austin solar cell fab

T1 Energy Inc.

$120M aggregate principal, 4.75% interest, due 2031; conversion price ~$4.46/share (20% premium over $3.72 close).
Net proceeds for Phase 1 of G2_Austin solar cell fab construction and general corporate purposes; intended as bridge to comprehensive financing.
Notes are senior unsecured, convertible at holder's option under certain conditions; initial conversion rate 224.0143 shares per $1,000.
Also entered into Eighth Amendment to credit agreement modifying Trina ownership and board director requirements.
Offering expected to close July 31, 2026; resale registration to be filed within 30 days of closing.

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