T1 Energy (TE) Company Report

T1 Energy has commenced construction on its G2_Austin solar cell fab, an anticipated $400 to $425 million investment in advanced American manufacturing.
The first phase of the G2_Austin fab is expected to have an annual capacity of 2.1GW of high-efficiency TOPCon solar cells, with production projected to begin by the end of 2026.
This project is anticipated to support up to 1,800 new advanced manufacturing jobs in Milam County, Texas, and is a centerpiece of T1's strategy to build an integrated U.S. polysilicon solar supply chain.

Dec 17, 2025, 11:01 AM

Press Release

T1 Energy Announces Pricing of Concurrent Public Offerings

Debt Issuance

New Projects/Investments

T1 Energy announced the pricing of concurrent public offerings, which, following the full exercise of underwriters' options, totaled $161.0 million in 5.25% convertible senior notes due 2030 and 32,525,254 shares of common stock at $4.95 per share.
The company estimates net proceeds of approximately $264.3 million from these offerings.
The Common Stock Offering closed on December 15, 2025, and the Convertible Notes Offering is expected to close on December 16, 2025.
Proceeds are intended for compliance with FEOC provisions, working capital, infrastructure development for the G2_Austin facility, and general corporate purposes.

Dec 15, 2025, 10:03 PM

8-K

T1 Energy prices convertible senior notes and common stock offerings

Debt Issuance

New Projects/Investments

T1 Energy priced concurrent public offerings, including $140.0 million aggregate principal amount of 5.25% convertible senior notes due 2030 (upsized from $120.0 million) and 28,282,830 shares of common stock at $4.95 per share.
The company expects to receive approximately $264.3 million in net proceeds from these offerings.
Proceeds will be used to achieve compliance with applicable foreign entities of concern (FEOC) related provisions, repay certain indebtedness, fund working capital, support construction and advancement of infrastructure for the G2_Austin facility, and for general corporate purposes.
The convertible notes, which mature on December 1, 2030, have an initial conversion price of approximately $6.93 per share, reflecting a 40% conversion premium above the common stock offering price.

Dec 12, 2025, 3:00 AM

Press Release

T1 Energy Inc. Stockholders Approve Capital Structure Changes, Company Secures New Contracts, and Faces DOJ/SEC Inquiry

Proxy Vote Outcomes

New Projects/Investments

Legal Proceedings

T1 Energy Inc. stockholders approved amendments to the Certificate of Incorporation, including an increase in authorized common stock from 355,000,000 to 500,000,000 shares, establishing limits on foreign ownership, and removing the "only for cause" qualification for director removal. These amendments became effective on December 4, 2025.
The company announced a new 2.0 GW fixed-margin offtake contract for 2026 module deliveries, bringing total contracted module sales for G1_Dallas in 2026 to 3.0 GW.
In November 2025, T1 Energy Inc. and an executive received grand jury subpoenas from the Department of Justice and a voluntary document request from the SEC regarding stock sales by the executive in the second half of 2023.

Dec 5, 2025, 2:01 PM

8-K

T1 Energy Reports Q3 2025 Financial Results and Operational Updates

Earnings

Guidance Update

New Projects/Investments

T1 Energy reported a net loss attributable to common stockholders of $140.8 million, or $0.87 per share, for the third quarter of 2025.
The company maintained its 2025 EBITDA guidance of $25 - $50 million and its 2025 production plan of 2.6 - 3.0 GW for G1_Dallas.
T1 is progressing with its G2_Austin U.S. solar cell fab, with construction for the 2.1 GW first phase expected to begin in Q4 2025 and an estimated capital expenditure of $400 - $425 million.
As of September 30, 2025, T1 held $86.7 million in cash, cash equivalents, and restricted cash, including $34.1 million in unrestricted cash, and accrued $93.1 million in Section 45X credits.
A non-cash impairment of $53.2 million to intangible assets was recorded due to a potential dispute with an offtake customer.

Nov 14, 2025, 12:50 PM

8-K

T1 Energy Inc. Enters Amended Stock Purchase Agreement and Issues New Securities

Convertible Preferred Issuance

New Projects/Investments

T1 Energy Inc. entered into an Amended and Restated Stock Purchase Agreement on October 31, 2025, which includes the redemption and cancellation of all outstanding Convertible Series A Preferred Stock.
Under the agreement, the company will issue 21,504,901 shares of Common Stock, 1,600,000 shares of Series B Convertible Non-Voting Preferred Stock, and 5,000,000 shares of Series B-1 Convertible Non-Voting Preferred Stock.
The sale of 5,000,000 shares of Series B-1 Preferred Stock at $10.00 per share will generate $50 million in gross proceeds for the company.
The net proceeds from the Series B-1 Preferred Stock issuance are designated for working capital, strategic investments, partnership development, energy technology and infrastructure projects, and general corporate purposes.
Both the Series B and Series B-1 Preferred Stock feature a liquidation preference of $10.00 per share plus accrued but unpaid dividends and a 6.0% annual dividend rate. The Series B Preferred Stock has a Maturity Date of December 23, 2027.

Oct 31, 2025, 3:39 PM

8-K

T1 Energy Secures Funding for G2_Austin Solar Cell Facility Development

New Projects/Investments

Convertible Preferred Issuance

T1 Energy Inc. is proceeding with plans to begin construction of the 2.1 GW first phase of its G2_Austin PV solar cell manufacturing facility before year-end 2025.
The company expects to receive $72 million from a registered direct equity offering and $50 million from a convertible preferred share issuance.
These capital formation efforts will provide a significant portion of the estimated $400 - $425 million in capital expenditures required for the first phase of the G2_Austin facility.
The net proceeds from the registered direct offering, which involves the sale of 22,153,850 shares of common stock at $3.25 per share, will be used for working capital, strategic investments, partnership development, and advancing energy technology and infrastructure projects.

Oct 24, 2025, 12:25 PM

8-K

T1 Energy Announces Preliminary Q3 2025 Results and Business Updates

Earnings

Guidance Update

New Projects/Investments

T1 Energy Inc. reported preliminary total net sales for Q3 2025 between $200 million and $210 million on module sales of approximately 725 MW.
The company is maintaining its 2025 EBITDA guidance range of $25 million to $50 million, with the forecast skewing towards the low end, and anticipates a significant increase in sales during Q4 2025.
T1 provided an update on its G2_Austin facility, with the first phase projected to have 2.1 GW of annual production capacity and an estimated capital expenditure of $400 million to $425 million, with production expected to commence in Q4 2026.
Due to a potential dispute with an offtake customer, T1 is recording a non-cash impairment to intangible assets of $53 million, though the deferred Q3 2025 sales volumes from this contract are expected to be recognized in Q4 2025.

Oct 22, 2025, 1:07 PM

8-K

T1 Energy Inc. Terminates Securities Purchase Agreement

T1 Energy Inc. and Stellar Hann Investment Ltd. terminated their Securities Purchase Agreement (PIPE Agreement) on September 10, 2025, which previously involved Stellar Hann subscribing for 14,050,000 shares at $1.05 per share.
As consideration for the termination, T1 Energy Inc. will pay Stellar Hann $5 million within 90 days of September 10, 2025.
Additionally, T1 Energy Inc. issued 7,000,000 penny warrants to Stellar Hann, allowing the purchase of Common Stock at an exercise price of $0.01 per share.
These warrants become fully vested and exercisable on March 10, 2026, and will expire on September 10, 2030.