The company issued $184 million in 4.00% convertible senior notes due 2031, including the full exercise of an underwriters' over-allotment option. Net proceeds are estimated at $174.7 million after expenses. Funds are earmarked for the construction and development of Phase 1 of the G2_Austin solar cell fab (2.1 GW capacity) and general corporate purposes. The notes have an initial conversion price of approximately $6.80 per share, representing a 40% premium over the April 14, 2026, closing price of $4.86. The company is actively seeking a larger financing solution, including significant debt, to cover the remaining capital expenditures for the G2_Austin project.