T1 Energy Inc.

# Signal Note: Driehaus Entry into T1 Energy Warrants Driehaus Capital's $5.6M initiation of TE-WT (warrant position) signals conviction in T1 Energy's thermal fission technology commercialization, likely tied to near-term catalysts in advanced reactor development or strategic partnerships. The warrant structure indicates expectation of meaningful stock appreciation over a 2-3 year horizon, with leverage to upside in the growing small modular reactor (SMR) market. Given Driehaus's growth biotech focus, this deployment may reflect broader conviction in nuclear-adjacent energy solutions supporting biotech manufacturing infrastructure.