T1 Energy Inc. 8-K

What Happened

• T1 Energy Inc. filed an 8‑K (June 29, 2026) announcing that its publicly traded warrants and private warrants will expire on July 9, 2026 under the Amended and Restated Warrant Agreement. Each warrant is exercisable for one share of common stock at an $11.50 exercise price.
• The Public Warrants (trading as "TE WS") will stop trading on the NYSE before the market opens on July 9, 2026 to allow timely settlement of any exercises. The NYSE intends to file a Form 25 to delist and deregister the Public Warrants under Section 12(b). The company’s common stock will continue trading on the NYSE under the symbol "TE."

Key Details

• Outstanding warrants as of March 31, 2026: ~14.8 million Public Warrants and ~9.8 million private warrants (total ~24.6 million warrants).
• Exercise price: $11.50 per warrant; each warrant convertible into one share of common stock (par value $0.01).
• Broker-protect period: a one trading-day broker protect period was established by the warrant agent for trades through the expiration date.
• Governing documents: terms are set by the Amended and Restated Warrant Agreement (and Amendment No. 2), filed as exhibits to the 8‑K.

Why It Matters

• Warrant holders must act by July 9, 2026 if they want to exercise — after that date the warrants expire and public warrants will no longer trade.
• If exercised, warrants would convert into common shares and raise cash for the company; conversely, unexercised warrants will lapse and not produce shares or proceeds.
• For equity investors, the event removes the publicly tradable warrant security ("TE WS") from the market and clarifies potential near‑term dilution tied to outstanding warrants.