TE•T1 Energy deferred issuing 9,962,645 shares to Evervolt as payment for $30 million due October 15, 2026, because of a 4.99% ownership cap. Another 2,246,377 shares remain deferred from the shares designated for a $25 million payment due September 30, 2026.
T1 Energy elected to issue 9,962,645 common shares to Evervolt for a $30 million intellectual property payment due October 15, 2026, but deferred the issuance under a restriction limiting Evervolt’s beneficial ownership to 4.99% of outstanding common shares. Another 2,246,377 shares remain deferred from the 7,246,377 shares designated for a $25 million second payment due September 30, 2026. The intellectual property purchase price totals $133 million, excluding a $2 million call option premium.
