#Japan #Tokyo #TOYO Co. #Solar Manufacturing #Ltd. #HJT facility

TOYO Co., Ltd. Announces $50 Million Registered Direct Offering

On June 24, 2026, TOYO Co., Ltd., a prominent player in solar manufacturing, announced that it will be conducting a registered direct offering totaling approximately $50 million. This business move involves the issuance of an aggregate of 4,545,456 ordinary shares accompanied by warrants, which allows for the purchase of an equal number of shares at a set price of $11.00 each. The associated warrants will feature an exercise price of $13.20 each, provide immediate usability upon issuance, and will remain valid for five years post-issuance.

The closing of this offering is anticipated to take place around June 25, 2026, contingent upon the fulfillment of standard closing conditions. TOYO has engaged Roth Capital Partners and H.C. Wainwright & Co. as the exclusive placement agents for this initiative, pinpointing their expertise in managing such funding ventures.

The gross earnings from this offering are projected to approach $50 million before accounting for various fees and expenses incurred by the company during the placement. TOYO has earmarked these funds to support the construction of its groundbreaking 1.5 GW heterojunction (HJT) solar cell manufacturing facility located in Houston, Texas, alongside general corporate requirements. This facility marks a significant milestone in TOYO's strategy to enhance its production capabilities within the competitive solar energy sector.

The securities linked to this offering will be issued as part of a 'shelf' registration statement filed with the Securities and Exchange Commission (SEC) on October 20, 2025, and officially became effective on November 9, 2025. TOYO emphasizes that the offering will only be distributed via a prospectus, including a prospectus supplement, which will be filed with the SEC and be accessible on their official website at www.sec.gov. Interested parties looking for electronic copies of the relevant documents can also reach out to Roth Capital Partners or H.C. Wainwright for further assistance.

It's crucial to mention that this announcement does not serve as an offer or invitation to buy any of the described securities, nor will there be any sale in jurisdictions where such actions would be considered unlawful unless properly registered.

About TOYO Co., Ltd.

TOYO Co., Ltd. is a solar energy manufacturing firm dedicated to achieving a vertically integrated approach within the global solar market. This strategy covers the entire supply chain from wafer and silicon production to the manufacture of solar cells and photovoltaic modules. By positioning itself to create top-tier solar cells and modules efficiently, TOYO aims to contribute significantly to the green energy movement while maintaining cost competitiveness in the industry.

Forward-Looking Statements

This press release contains various 'forward-looking statements' as defined by the Safe Harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements utilize terms like 'estimate,' 'plan,' and 'expect,' which reference anticipated future events or trends rather than historical facts. It is essential to recognize the inherent risks and uncertainties linked to these statements, including market conditions, litigation outcomes, and sales performance, which could result in actual outcomes diverging from those projected.

TOYO advises stakeholders that any forward-looking statements rely on a set of facts and assumptions that are currently known or anticipated and will not guarantee actual business performance. The company holds the right to update these statements, although it is not obligated to do so unless mandated by law.

For more inquiries, stakeholders are encouraged to contact TOYO at their official email addresses for investor relations or general company inquiries. Organizations looking to access further information regarding this offering should connect with listed contacts at Roth Capital Partners or H.C. Wainwright.