# EDGAR Filing Document

**Accession Number:** 0001992243
**File Stem:** 0000921895-25-002811
**Filing Date:** 2025-10
**Character Count:** 12990
**Document Hash:** fcac34d0360f547fbc80016c38355820
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000921895-25-002811.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0000921895-25-002811

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T1 Energy Inc.
- **CENTRAL INDEX KEY:** 0001992243
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 933205861
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94349
- **FILM NUMBER:** 251420874

**BUSINESS ADDRESS:**
- **STREET 1:** 1211 E 4TH ST.
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78702
- **BUSINESS PHONE:** 409-599-5706

**MAIL ADDRESS:**
- **STREET 1:** 1211 E 4TH ST.
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78702

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FREYR Battery, Inc. /DE/
- **DATE OF NAME CHANGE:** 20230901
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Encompass Capital Advisors LLC
- **CENTRAL INDEX KEY:** 0001541901

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 200 PARK AVENUE, 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10166
- **BUSINESS PHONE:** 646-351-8452

**MAIL ADDRESS:**
- **STREET 1:** 200 PARK AVENUE, 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10166

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 4)**

**T1 Energy Inc.**

*(Name of Issuer)*

**Common Stock, par value $0.01 per share**

*(Title of Class of Securities)*

**35834F104**

*(CUSIP Number)*

**Todd J. Kantor**<br>Encompass Capital Advisors LLC<br>200 Park Avenue, 16th Floor<br>New York NY 10166<br>646-351-8450

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**10/23/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **35834F104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Encompass Capital Advisors LLC** | Name of reporting person<br>**Encompass Capital Advisors LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**44720694.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**44720694.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**44720694.00** | Aggregate amount beneficially owned by each reporting person<br>**44720694.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**19.99%** | Percent of class represented by amount in Row (11)<br>**19.99%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

**Comment for Reporting Person:** Includes (a) 13,463,268 shares of the Issuer's common stock, par value $0.01 per share ("Common Stock"), (b) 355,465 warrants, which are exercisable into shares of Common Stock and (c) 30,901,961 shares of Common Stock issuable upon conversion of the Issuer's Convertible Series A Preferred Stock, subject to a beneficial ownership limitation of 19.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon conversion of the Convertible Series A Preferred Stock (the "19.99% Blocker").

Conversion of the Convertible Series A Preferred Stock is subject to the 19.99% Blocker and the aggregate amount set forth on row (11) gives effect to the 19.99% Blocker.

| **CUSIP No.** | **35834F104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Encompass Capital Partners LLC** | Name of reporting person<br>**Encompass Capital Partners LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**35890919.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**35890919.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**35890919.00** | Aggregate amount beneficially owned by each reporting person<br>**35890919.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**16.50%** | Percent of class represented by amount in Row (11)<br>**16.50%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Comment for Reporting Person:** Includes (a) 9,247,785 shares of Common Stock, (b) 351,931 warrants, which are exercisable into shares of Common Stock, and (c) 26,291,203 shares of Common Stock issuable upon conversion of the Issuer's Convertible Series A Preferred Stock, subject to the 19.99% Blocker.

| **CUSIP No.** | **35834F104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Kantor Todd J.** | Name of reporting person<br>**Kantor Todd J.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**44720694.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**44720694.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**44720694.00** | Aggregate amount beneficially owned by each reporting person<br>**44720694.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**19.99%** | Percent of class represented by amount in Row (11)<br>**19.99%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Includes (a) 13,463,268 shares of Common Stock, (b) 355,465 warrants, which are exercisable into shares of Common Stock and (c) 30,901,961 shares of Common Stock issuable upon conversion of the Issuer's Convertible Series A Preferred Stock, subject to the 19.99% Blocker. Mr. Kantor is the managing member of each of Encompass Capital Advisors LLC and Encompass Capital Partners LLC. Mr. Kantor disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

Conversion of the Convertible Series A Preferred Stock is subject to the 19.99% Blocker and the aggregate amount set forth on row (11) gives effect to the 19.99% Blocker.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, par value $0.01 per share

**(b) Name of Issuer:**
T1 Energy Inc.

**(c) Address of Issuer's Principal Executive Offices:**
1211 E 4TH ST., AUSTIN, TX, 78702

The following constitutes Amendment No. 4 to the Schedule 13D filed by the undersigned ("Amendment No. 4"). This Amendment No. 4 amends the Schedule 13D as specifically set forth herein.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Item 5(a) is hereby amended and restated to read as follows:

The aggregate percentage of Shares reported owned by the Reporting Persons is based upon (a) 190,855,046 shares of Common Stock outstanding, which is the total number of Shares outstanding as of October 24, 2025, as reported in the Issuer's Prospectus Supplement to the Registration Statement on Form S-3 (Registration No. 333-290198) filed with the Securities and Exchange Commission on October 24, 2025 and (b) shares of Common Stock issuable upon the exercise of warrants and conversion of Preferred Shares held by the respective Reporting Persons.

The ownership of each Reporting Person in this Item 5 includes the Shares issuable upon the exercise of warrants and conversion of Preferred Shares that are exercisable or convertible, as applicable, within 60 days.

Each Reporting Person may be deemed to be a member of a "group" with the other Reporting Persons for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and, accordingly, may be deemed the beneficial owner of the Shares directly owned by the other Reporting Persons. However, each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

A. ECA
Amount beneficially owned: 44,720,694 Shares
Percentage: Approximately 19.99%

B. ECP
Amount beneficially owned: 35,890,919 Shares
Percentage: Approximately 16.50%

C. Mr. Kantor
Amount beneficially owned: 44,720,694 Shares
Percentage: Approximately 19.99%

**(b)**
—

**(c)**
—

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Encompass Capital Advisors LLC

**Signature:** /s/ Todd J. Kantor

**Name/Title:** Todd J. Kantor, Managing Member

**Date:** 10/27/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Encompass Capital Partners LLC

**Signature:** /s/ Todd J. Kantor

**Name/Title:** Todd J. Kantor, Managing Member

**Date:** 10/27/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Kantor Todd J.

**Signature:** /s/ Todd J. Kantor

**Name/Title:** Todd J. Kantor

**Date:** 10/27/2025