TOYO · TOYO Co., Ltd.

This Form 6-K discloses TOYO Co., Ltd.’s entry into a material equity financing arrangement — a $30 million at-the-market (ATM) sales agreement with two U.S.-based agents. The agreement enables TOYO to issue and sell ordinary shares incrementally over a one-year period, subject to board authorization, pricing parameters, and compliance with its effective Form F-3 registration statement (File No. 333-290952). Unlike a traditional underwritten offering, this structure provides flexibility in timing and size of capital raises, allowing TOYO to access equity markets opportunistically without upfront dilution or fixed commitments. The legal opinion from Harney Westwood & Riegels confirms the Company’s valid Cayman Islands incorporation, good standing, and the enforceability of the Offer Shares’ issuance under local law — reinforcing regulatory and structural soundness. While no immediate proceeds or use-of-proceeds details are disclosed beyond the general ATM framework, the filing signals management’s intent to maintain balance sheet flexibility and potentially fund growth, working capital, or general corporate purposes. Investors should monitor future 6-K filings for actual placement activity, net proceeds realized, and any updates to the program’s remaining capacity or terms.