5 big analyst AI moves: Apple lifted to Buy, AI chip bets reassessed
Investing.com -- T1 Energy Inc. (NYSE:TE) stock tumbled 10.2% on Thursday after the company announced a $72 million registered direct offering of common stock that will dilute existing shareholders.
The energy technology firm plans to sell 22,153,850 shares at $3.25 per share to existing and new institutional investors. The offering price represents a significant discount to the stock’s previous closing price, contributing to today’s sharp decline.
T1 Energy indicated that proceeds from the offering will be used for working capital, strategic investments and partnership development, as well as advancement of energy technology and infrastructure projects. The company expects the offering to close around October 24, 2025, subject to customary closing conditions.
Upon completion of the transaction, T1 Energy projects it will have approximately $155 million in cash, cash equivalents, and restricted cash, with $102 million being unrestricted cash. A.G.P./Alliance Global Partners is serving as the sole placement agent for the offering.
The stock’s negative performance reflects investor concerns about share dilution, as the new issuance will increase the company’s outstanding share count and potentially reduce earnings per share going forward.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.