T1 Energy issues $120M of 4.75% Convertible Senior Notes due 2031 for G2_Austin fab

T1 Energy Inc.

$120M aggregate principal of 4.75% Convertible Senior Notes due 2031 sold to qualified institutional buyers.
Initial conversion price ~$4.46 per share; notes mature August 1, 2031.
Net proceeds to fund Phase 1 of G2_Austin solar cell fab and general corporate purposes.
Notes are senior unsecured, redeemable after August 6, 2029 if stock price >= 130% of conversion price.
Up to 32.3M shares of common stock may be issued upon conversion at maximum conversion rate.

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