Welcome to our dedicated page for TOYO Co. SEC filings (Ticker: TOYO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The TOYO Co., Ltd (NASDAQ: TOYO) SEC filings page on Stock Titan provides access to the company’s U.S. regulatory disclosures, including its annual reports on Form 20-F and current reports on Form 6-K. TOYO is a Cayman Islands exempted company in the solar industry, and its filings describe an integrated business model spanning wafers and silicon, solar cells, and photovoltaic module production.
Through its Form 20-F and related financial statements, TOYO reports consolidated revenues, cost of revenues, operating expenses, net income, cash balances, and other key metrics. These filings also explain items such as changes in fair value of contingent consideration payable related to earnout shares and the company’s use of non-GAAP measures like Adjusted EBITDA. Balance sheet disclosures outline assets, liabilities, and equity, including bank borrowings, contract liabilities, and lease obligations.
TOYO’s Form 6-K current reports furnish important event-driven information. Recent 6-Ks have included details of a module supply and purchase agreement entered into by TOYO Solar Texas LLC with a U.S. buyer, the parent guaranty provided by TOYO, the acquisition and licensing of the VSUN trademarks in multiple jurisdictions, and press releases on financial results and strategic polysilicon supply contracts. Other 6-Ks provide materials for the company’s annual general meeting and investor presentations.
On Stock Titan, these filings are updated as they are made available on EDGAR. AI-powered summaries help explain the contents of lengthy documents, highlighting topics such as manufacturing expansion, supply agreements, capital structure, and non-GAAP reconciliations. Users can also review information related to share structure and contingent consideration arrangements, and locate references to key subsidiaries and agreements disclosed in TOYO’s SEC reports.
TOYO Co., Ltd (TOYO) reported very strong growth and improved liquidity for the six months ended June 30, 2026. Revenues rose to $260.96 million from $139.11 million a year earlier, driven by higher sales of solar cells, new solar module revenue and OEM services. Net income attributable to shareholders increased markedly to $45.82 million from $3.47 million, with basic EPS up to $1.21 from $0.08. Cash and restricted cash increased to $123.42 million from $58.86 million at December 31, 2025, supported by $61.44 million of operating cash flow and equity raises, including a $47.05 million registered direct offering and $5.55 million from an at-the-market program.
Total assets reached $537.57 million and shareholders’ equity rose to $209.79 million from $111.26 million, reflecting profitability and new share issuances. A loan from related party VSUN was extended to June 17, 2028 and reclassified to non-current, turning a prior working capital deficit into $29.83 million of working capital at June 30, 2026. Management states that, given stronger cash flows, improved capital structure and the loan extension, earlier substantial doubt about TOYO’s ability to continue as a going concern has been resolved, and the financial statements are prepared on a going-concern basis.
Highbridge Capital Management, LLC, a Delaware investment adviser, reports beneficial ownership of 3,692,247 Ordinary Shares of TOYO Co., Ltd, including shares issuable upon exercise of warrants. This position represents 8.1% of TOYO’s Ordinary Shares outstanding, based on 42,718,948 shares after the referenced offering.
Highbridge has sole voting and dispositive power over these shares. The stake includes 2,753,746 Ordinary Shares issuable upon warrant exercise held by funds it advises. Highbridge Tactical Credit Master Fund, L.P. has rights to dividends or sale proceeds relating to more than 5% of TOYO’s outstanding Ordinary Shares.
TOYO Co., Ltd, a solar manufacturing company, reports its support for a new presidential proclamation under Section 232 of the Trade Expansion Act of 1962 that targets imports of polysilicon and downstream solar products and includes measures intended to encourage U.S. manufacturing investment.
The company highlights its existing 2GW solar module manufacturing facility in Houston and an ongoing investment of $357 million in an advanced heterojunction (HJT) cell facility at its Texas solar campus. TOYO describes plans for a phased buildout of a U.S. solar supply chain linking American polysilicon with domestic wafer, cell, and module production, emphasizing a non-FEOC supply chain and engagement with the U.S. Department of Commerce on an integrated manufacturing plan.
N.A.GLOBAL. CO. LTD. and its sole director and shareholder Chong Chow Lee report beneficial ownership of 2,094,516 Ordinary Shares of TOYO Co., Ltd, representing 4.90% of the Ordinary Shares outstanding. This percentage is based on 42,718,948 Ordinary Shares issued and outstanding as of June 23, 2026.
Both reporting persons have sole voting and dispositive power over these 2,094,516 shares and no shared power. A total of 721,909 Ordinary Shares have been pledged as collateral under several loan agreements with a third-party lender; the lender lacks voting and dispositive power over these pledged shares prior to any event of default, though they are deemed beneficially owned by the lender under applicable rules. NA Global has sold 74,251 Ordinary Shares between February 9 and March 5, 2026 and 377,320 Ordinary Shares between May 20 and June 24, 2026.
Harada Yasunai, a director and Chief Financial Officer of TOYO Co., Ltd, reports his initial beneficial holdings in the company. He indirectly owns 1,058,918 ordinary shares, which are directly held by NOTAM Co., Ltd., a Japanese corporation. Harada has voting, dispositive or investment power over NOTAM, so these shares are reported as indirect ownership.
TOYO Co., Ltd reports a leadership change in its finance function. On June 30, 2026, Taewoo “Raymond” Chung resigned as Chief Financial Officer and director, and the company states his resignation did not involve any disagreement over operations, policies, or practices.
The board appointed Yasunari Harada as Chief Financial Officer and director effective July 1, 2026. TOYO entered into an employment agreement and an indemnification agreement with him on that date, using the company’s standard terms for directors and executive officers. Harada brings over 30 years of experience in management and international finance, including senior roles at major global financial institutions and board positions at several banks in Asia and Central Asia.
TOYO Co., Ltd director and CFO Chung Taewoo filed an update showing his direct holdings of the company’s Ordinary Shares. Following the reported entry, he directly owns 30,000 Ordinary Shares. The filing does not indicate a clear buy or sell transaction, but rather reports current ownership.
TOYO Co., Ltd. completed a registered direct offering of 4,545,456 ordinary shares and warrants to purchase up to 4,545,456 additional shares, raising aggregate gross proceeds of about $50 million at a combined price of $11.00 per share and warrant.
The warrants have an exercise price of $13.20 per share, are exercisable immediately, and expire five years after issuance. TOYO plans to use the net proceeds mainly to build its previously announced 1.5 GW heterojunction (HJT) solar cell manufacturing facility in the Houston, Texas metropolitan area, and for general corporate purposes.
Roth Capital Partners and H.C. Wainwright & Co. acted as exclusive placement agents, earning a cash fee of 5.50% of gross proceeds plus specified expenses. The shares are listed on the Nasdaq Capital Market, while the warrants will not be listed, which may limit their liquidity.
TOYO Co., Ltd is conducting a registered direct primary offering of 4,545,456 Ordinary Shares together with 4,545,456 Purchase Warrants (one warrant per share) at an offering price of $11.00 per Ordinary Share and accompanying Purchase Warrant. The Purchase Warrants have an exercise price of $13.20, are exercisable immediately and expire five years from issuance. Delivery is expected on or about June 25, 2026. Net proceeds are estimated at approximately $47.1 million after placement agent fees; proceeds are intended to fund construction of a 1.5 GW HJT solar cell facility in the Houston area and for general corporate purposes. The Purchase Warrants include a beneficial ownership exercise cap of 4.99% (or 9.99% if elected) and permit cashless exercise when registration is not available.