Construction for Phase 1 of the G2_Austin 2.1 GW solar cell fab is on schedule, with steel erection planned for April 2026 and production expected to start in Q4 2026. The remaining estimated capital spending for G2_Austin Phase 1 is approximately $350 million. G1_Dallas achieved record quarterly module production of 1.13 GW and record net sales of $358.5 million in Q4 2025. Full-year 2025 G1_Dallas production was 2.79 GW, aligning with previous guidance of 2.6 3.0 GW. Capital formation initiatives are advancing, with T1 targeting full financial close for G2_Austin early in Q2 2026. Tore Ivar Slettemoen and Mingxing Lin resigned from the Board of Directors, effective immediately. Robert Hammond was elected as an independent director and appointed to the Board's Audit and Risk Committee and Compensation Committee. Net loss attributable to common stockholders for Q4 2025 was $190.0 million, or $(0.87) per share, an improvement from $(367.2) million, or $(2.59) per share, for Q4 2024. Full-year 2025 net loss attributable to stockholders was $380.8 million, or $2.19 per diluted share, compared to $450.2 million, or $3.20 per diluted share, for full-year 2024. Cash, cash equivalents, and restricted cash totaled $270.8 million as of December 31, 2025, a significant increase from $76.6 million at year-end 2024. T1 executed a $160 million sale of Section 45X production tax credits at a price of $0.91 per dollar. A three-year contract was signed with Treaty Oak Clean Energy, LLC to supply a minimum of 900 MW of solar modules built with domestic solar cells from the planned G2_Austin fab. The company is maintaining its 2026 production and sales guidance of 3.1 4.2 GW, with 3 GW of G1_Dallas production already contracted. Annualized run-rate Adjusted EBITDA guidance for G1_Dallas/G2_Austin Phase 1 completion in 2027 remains $375 $450 million. Fully integrated production of 5 GW each between G1 and G2 is expected to produce an annualized Adjusted EBITDA run-rate of $650 $700 million.