On 29 January FREYR announced that it will become a publicly listed company through a business combination with Alussa Energy Acquisition Corp., raising $850 million in equity proceeds to accelerate the development clean battery cell manufacturing capacity in Norway. ET on InvestorPlace.com No Headlines Available Freyr SPAC Merger: 14 Things for ALUS Stock Investors to Know About the Clean Battery Play Freyr is planning to go public via a merger with SPAC Alussa Energy Acquisition (ALUS) and shares of ALUS stock are on the rise Friday. Subject to closing conditions being met, the combined company will be named "FREYR Battery" ("Pubco") and its common stock is expected to start trading on the New York Stock … Subject to closing conditions being met, the combined company will be named “FREYR Battery” ("Pubco") and its common stock is expected to start trading on the New York Stock … About FREYR A/S. The new business will be listed on the New York Stock The new-starter will be listed on the New York Stock Exchange in the second quarter of 2021. On 16 February 2021, the extraordinary general meeting of FREYR approved the business combination. Norway-based FREYR, a manufacturer of clean battery cells, is set to merge with Alussa Energy Acquisition, the companies announced today. On 16 February 2021, the extraordinary general meeting of FREYR approved the business combination. About FREYR AS. Pubco’s common stock is expected to start trading on the New York Stock Exchange (NYSE) under the ticker symbol FREY upon closing, expected in the second quarter of 2021. *** About FREYR AS FREYR … FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. FREYR AS, (the "Company" or "FREYR"), a Norway-based developer of clean, next-generation battery cell production capacity, today announced that it will become a publicly listed company through a business combination with Alussa Energy Acquisition Corp. ("Alussa Energy") (NYSE: ALUS), a Cayman Islands exempted, publicly listed special purpose acquisition company ("SPAC"). Subject to closing conditions being met, the combined company will be named “FREYR Battery” ("Pubco") and its common stock is expected to start trading on the New York Stock … FREYR AS has received a NOK 142 million-grant (USD 16.4 million) from the Norwegian Ministry of Climate and Environment through ENOVA SF as part financing for the development and construction of a pilot plant in Mo i Rana, Norway, which will be FREYR’s initial clean battery cell production facility.. ENOVA is an enterprise owned by the Ministry of Climate and Environment. But as Freyr has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions. FREYR AS, (the “Company” or “FREYR”), a Norway-based developer of clean, next-generation battery cell production capacity announced today that the FREYR … Subject to closing conditions being met, the combined company will be named “FREYR Battery” (“Pubco”) and its common stock is expected to start trading on the New York Stock … Subject to closing conditions being met, the combined company will be named "FREYR Battery" ("Pubco") and its common stock is expected to start trading on the New York Stock Exchange under the ticker symbol FREY upon closing, expected in the second quarter of 2021. FREYR is targeting development of up to 43 GWh of battery cell production capacity in Norway by 2025 to position the Company as one of Europe’s largest battery cell suppliers . ADVERTISEMENT. THOMAS NILSEN The Barents Observer. STOCKHOLM, Oct. 26, 2020 /PRNewswire/ -- Elkem and FREYR have signed a Memorandum of Understanding (MoU) for the potential commercial supply of battery materials from Elkem to FREYR… FREYR is targeting development of up to 43 GWh of battery cell production capacity in Norway by 2025 to position the Company as one of Europe’s largest battery cell suppliers. The transaction represents a pro forma equity value of $1.4 billion for the combined company upon closing which will be named “FREYR Battery” (“Pubco”). On 16 February 2021, the extraordinary general meeting of FREYR approved the business combination. FREYR, a developer of clean, next-generation battery cells, has received a grant of NOK 39M (approx €3.8M) from Innovation Norway – the Norwegian Government’s key instrument for supporting innovation and development of Norwegian enterprises and industry.. FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. Pubco’s common stock is expected to start trading on the New York Stock Exchange under the ticker symbol FREY upon closing, expected in the second quarter of 2021. #ALUS #STOCKS #UnderTheRadar Hey!Today we are taking a look at the SPAC Alussa Energy Acquisition Corp. (ALUS). FREYR … Photo: Thomas Nilsen FREYR has offices both in Oslo and in Mo i Rana (pictured above). Subject to closing conditions being met, the combined company will be named “FREYR Battery” ("Pubco") and its common stock is expected to start trading on the New York Stock Exchange under the ticker symbol FREY upon closing, expected in the second quarter of 2021. Subject to closing conditions being met, the combined company will be named “FREYR Battery” ("Pubco") and its common stock is expected to start trading on the New York Stock Exchange under the ticker symbol FREY upon closing, expected in the second quarter of 2021. About FREYR AS. Freyr’s current shareholders are expected to own about 30% of the combined company after the merger closes in the second quarter of 2021. Subject to closing conditions being met, the combined company will be named FREYR Battery ("Pubco") and its common stock is expected to start trading on the New York Stock Exchange under the ticker symbol FREY upon closing, expected in the second quarter of 2021. The transaction itself is conducted through Freyr merging with Alussa Energy Acquisition Corp. 100 percent of existing Freyr shares will be transferred to the merged and listed company. Subject to closing conditions being met, the combined company will be named “FREYR Battery” and its common stock is expected to start trading on the New York Stock Exchange under the ticker symbol FREY upon closing, expected in the second quarter of 2021.

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