T1 Energy Stock Plunge: Direct Offering Causes Investor Concern

T1 Energy's stock plummeted 10% after announcing a $72 million direct offering of new shares at a discounted price, sparking investor fears of dilution. The company plans to use the funds to fuel growth and new projects, expecting $155 million in total cash post-offering, but shareholders are wary of the impact on their equity.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.