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T1 Executes First Sale of Section 45X Tax Credits
Globenewswire· 2025-12-30 11:01
Core Insights - T1 Energy Inc. has successfully completed a $160 million sale of Section 45X production tax credits (PTCs) to a leading investment-grade buyer, marking a significant milestone for the company [1][2][3] Financial Transaction - The sale involved $160 million of PTCs that were accrued and verified by a third party through December 2025, with the transaction priced at $0.91 per dollar of PTC generated [1][2] - The transaction is set to be true-up in February 2026, contingent on the confirmation of T1's December 2025 module production [2] Company Strategy and Operations - The CFO of T1 Energy expressed satisfaction with the sale, highlighting its importance in validating the company's ability to monetize tax credits, which supports ongoing investments in advanced American manufacturing [3] - T1 Energy is focused on expanding its domestic production capacity at its facilities in Dallas and Austin, with the latter being under construction [3][4] Company Overview - T1 Energy Inc. is positioned as a leading energy solutions provider, building an integrated U.S. supply chain for solar and batteries, and has plans for further operational expansion in America [4] - The company completed a transformative transaction in December 2024, enhancing its status in the solar manufacturing sector and developing a complementary solar and battery storage strategy [4]
T1 Energy Announces Proposed Concurrent Public Offerings of Convertible Senior Notes Due 2030 and Common Stock
Globenewswire· 2025-12-10 21:05
Core Viewpoint - T1 Energy Inc. announced proposed public offerings totaling $260 million, consisting of $120 million in convertible senior notes and $140 million in common stock [1][3]. Group 1: Offering Details - The company plans to offer $120 million in convertible senior notes due 2030 and $140 million in common stock [1]. - Underwriters will have a 30-day option to purchase an additional $18 million in convertible notes and $21 million in common stock to cover over-allotments [2]. Group 2: Use of Proceeds - Net proceeds from the offerings will be used to comply with foreign entities of concern provisions, repay certain indebtedness, and for working capital and infrastructure related to the G2_Austin facility [3]. - The offerings are not contingent upon each other and are subject to market conditions [3]. Group 3: Company Background - T1 Energy Inc. is an energy solutions provider focused on building a U.S. supply chain for solar and batteries, having completed a transformative transaction in December 2024 [5]. - The company is positioned as a leading solar manufacturer in the U.S. and is exploring opportunities in Europe [5].
T1 Energy Reschedules Third Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-11-05 11:47
AUSTIN, Texas and NEW YORK, Nov. 05, 2025 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) announced this morning that the Company has rescheduled its third quarter earnings release and conference call to November 14, 2025. The third quarter 2025 press release will be issued at or around 6:00 am Eastern Daylight Time. The conference call is scheduled to begin at 8:00 am Eastern Standard Time. To access the conference call, listeners should proceed as follows: Click on the ...
T1 Energy Announces Third Quarter 2025 Earnings Release and Conference Call Schedule
Globenewswire· 2025-10-29 10:00
Core Viewpoint - T1 Energy Inc. will release its third quarter 2025 results on November 6, 2025, and will hold a conference call to discuss these results [1]. Group 1: Upcoming Financial Results - The third quarter 2025 press release will be issued at approximately 6:00 am Eastern Daylight Time [1]. - The conference call is scheduled to begin at 8:00 am Eastern Daylight Time [1]. Group 2: Conference Call Access - Toll-free North American dial-in number is +1 800 715-9871 [2]. - International dial-in number is +1 646 307-1952 [2]. - The call will also be accessible via a webcast link [2]. Group 3: Company Overview - T1 Energy Inc. is an energy solutions provider focused on building an integrated U.S. supply chain for solar and batteries [3]. - In December 2024, T1 completed a transformative transaction, establishing itself as a leading solar manufacturing company in the U.S. with a complementary solar and battery storage strategy [3]. - The company is based in the U.S. and is planning to expand its operations domestically while exploring value optimization opportunities in Europe [3].
T1 Energy Inc. Announces Pricing of $72 Million Registered Direct Offering With Existing and New Leading U.S. Institutional Investors
Globenewswire· 2025-10-23 12:00
Core Points - T1 Energy Inc. has announced a registered direct offering of common stock, aiming to raise gross proceeds of $72 million [1][2] - The company will issue 22,153,850 shares at a price of $3.25 per share [2] - The offering is expected to close on or about October 24, 2025, subject to customary closing conditions [2] Financial Details - After the offering, T1 Energy will have approximately $155 million in cash, cash equivalents, and restricted cash, with $102 million being unrestricted [2] - The proceeds from the offering will be utilized for strategic investments, partnership development, and advancements in energy technology and infrastructure projects [8] Company Background - T1 Energy Inc. is focused on building an integrated U.S. supply chain for solar and batteries, having completed a transformative transaction in December 2024 [6] - The company is positioned as a leading solar manufacturing entity in the U.S. and is exploring value optimization opportunities in Europe [6]
T1 Energy Announces Rescheduled Earnings Release and Conference Call
Globenewswire· 2025-08-15 11:00
AUSTIN, Texas and NEW YORK, Aug. 15, 2025 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE: TE) ("T1," "T1 Energy," or the "Company") announced this morning that the Company has rescheduled its second quarter earnings release and conference call to August 20, 2025. T1's decision to reschedule the earnings release is to accommodate the Company's decision to delay the filing of its Quarterly Report on Form 10-Q as permitted under SEC Rules. The Company filed a Form 12b-25 notifying the U.S. Securities and Exchange Co ...
T1 Energy Announces Second Quarter 2025 Earnings Release and Conference Call Schedule
GlobeNewswire News Room· 2025-07-29 21:00
AUSTIN, Texas and NEW YORK, July 29, 2025 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) announced this morning that the Company will publish a press release detailing second quarter 2025 results and conduct a conference call on August 15, 2025. The second quarter 2025 press release will be issued at or around 6:00 am Eastern Daylight Time. The conference call is scheduled to begin at 8:00 am Eastern Daylight Time. To access the conference call, listeners should proceed ...