T1 Energy slides after $72 million direct stock deal

T1 Energy

23/10/2025 13:49

** Energy solutions provider T1 Energy's TE.N shares slide 8.8% to $3.69 premarket

** TE enters agreements with existing and new institutional investors to sell $72 million worth of shares of the company's common stock in a registered direct offering

** Co will issue 22.2 million shares at $3.25 apiece, a 21% discount to stock's last close

** TE will use the proceeds for investments and partnership development as well as advancement of energy technology and infrastructure projects

** A.G.P./Alliance Global Partners is sole placement agent for the offering

** As of last close, TE stock up 59.3% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))