secwatch.observer — SEC 8-K summary
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Issuer:     T1 Energy Inc. (TE)
CIK:        0001992243
Form:       8-K
Filed at:   2026-09-29T10:49:03+00:00
Accession:  0001213900-26-104291
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

T1 Energy raises $50M more in 4.75% convertible notes due 2031 to fund G2_Austin Phase 1
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- Additional $50.0M principal of 4.75% Convertible Senior Notes due 2031 sold to an existing shareholder/QIB; gross proceeds ~$50.4M including accrued interest from July 31, 2026.
- Total outstanding 4.75% convertible notes rise to $170.0M after the $120.0M issued July 31, 2026; new notes are fungible, share the same CUSIP and mature August 1, 2031.
- Initial conversion price ~$4.46/share (224.0143 shares per $1,000); up to 13,440,860 shares may be issued at the maximum conversion rate of 268.8172.
- Net proceeds fund Phase 1 of the G2_Austin solar cell fab in Milam County, Texas plus general corporate purposes; described as a bridge to a larger debt financing.
- Closing expected September 30, 2026; resale registration statement due within 30 days; interest payable Feb 1 and Aug 1 starting February 1, 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1992243/000121390026104291/0001213900-26-104291-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1992243/000121390026104291/ea0306948-8k_t1energy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-104291

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