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0 0.00128534704370177 -0.0100257069408741 -0.0128534704370181 -0.0128534704370181 -0.00771208226221086 -0.0308483290488432 -0.0234447300771208
Stock impact report

T1 Energy Advances G2_Austin Development with Capital Formation Progress

T1 Energy Inc. (TE) 
US:NYSE Investor Relations: tecoenergy.com/news
Company Research Source: GlobeNewswire
AUSTIN, Texas and NEW YORK, Oct. 24, 2025 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) is moving forward with plans to start construction of the 2.1 GW first phase of its G2_Austin PV solar cell manufacturing facility before year-end 2025. With the expected proceeds from each of the $72 million registered direct offering and the $50 million convertible preferred announced this week, the Company will soon have a meaningful portion of the capital required to finance the first 2.1 GW phase of the G2_Austin facility, with the remainder expected to be comprised of debt and anticipated customer offtake deposits. The closing of the registered direct offering is expected to occur on or about October 24, 2025, subject to the satisfaction of customary closing conditions and the closing of the convertible preferred share issuance is expected shortly thereafter. “This is a landmark day for T1 and our growing network of partners, customers, and investors. Show less Read more
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