Core Viewpoint - T1 Energy Inc. has announced the pricing of its public offerings, which include $140 million in convertible senior notes and approximately 28.3 million shares of common stock, aiming to raise net proceeds of approximately $264.3 million for various corporate purposes [1][2][8]. Offering Details - The Convertible Notes Offering was upsized from an initial $120 million to $140 million [1]. - The public offering price for the common stock is set at $4.95 per share [1]. - The expected closing dates for the offerings are December 15, 2025, for the common stock and December 16, 2025, for the convertible notes [3]. Financial Structure - The Convertible Notes will have a 5.25% interest rate, payable semi-annually starting June 1, 2026, and will mature on December 1, 2030 [4]. - The initial conversion rate for the Convertible Notes is 144.3001 shares per $1,000 principal amount, equating to a conversion price of approximately $6.93 per share, representing a 40% premium over the common stock offering price [5]. Use of Proceeds - The net proceeds from the offerings will be utilized for compliance with foreign entities of concern provisions, working capital, and infrastructure development for the G2_Austin facility [8]. Underwriters - Santander and J.P. Morgan are acting as joint bookrunning managers, with BTIG and Roth Capital Partners as co-managers for the offerings [9]. Company Overview - T1 Energy Inc. is focused on building an integrated U.S. supply chain for solar and battery solutions, having completed a significant transaction in December 2024 to enhance its position in the solar manufacturing sector [10].

December 2024 Investor Presentation NASDAQ: WASH Disclaimers 2 Summary of December Strategic Actions Common stock offering and balance sheet repositioning will result in improved future earnings, higher capital levels to support growth and an improved interest rate risk profile | | | Announced common stock offering on 12/12/2024 | | | --- | --- | --- | --- | | 1 | Common Stock | Issued ~2.2 million new shares at $34 per/share o 6.3% discount to last sale (12/12/2024) | $70 million(1) | | | Offering | Net ca ...