freyr battery stock

The … Harald Bjørland, Investor Relations, +47 908 58 221, [email protected] Important Information about the Transaction and Where to Find It. Current shareholders will own approximately 30% of the combined company after transaction close. THOMAS NILSEN The Barents Observer. The boards of directors of both Alussa Energy and Freyr have approved the proposed business combination. When available, the Proxy Statement contained in the S-4 and other relevant materials for the Transaction will be mailed to shareholders of Alussa Energy as of a record date to be established for voting on the proposed business combination and related matters. Steffen Føreid, CFO, +47 9755 7406, [email protected] LinkedIn Bonduelle is a professional within energy storage solutions technology and sales, and will lead FREYR’s commercialization of clean, next-generation battery cells targeting the rapidly growing global markets for electric vehicles, energy storage, and marine applications. 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. Fuelled by low-cost hydro and wind energy, FREYR designs and manufactures high-density and cost competitive lithium-ion batteries with a reduced carbon footprint for the rapidly growing global markets for electric mobility, stationary energy storage, marine and aviation applications. 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 … Hilde Rønningsen, Director of Communications,+47 453 97 184, [email protected], Alussa Energy “FREYR is well on our way to building Norway’s first lithium-ion battery cell manufacturing facility at industrial scale. FREYR will supply high energy density and cost competitive clean batteries to rapidly growing markets globally using best available technology and globally leading partners powered by low-cost, renewable hydro and wind power. FREYR has issued Invitations to Tender for equipment packages needed for the battery cell production line for FREYR's pilot plant in Mo i Rana, Norway. The Norwegian company FREYR Battery announced on Jan. 27 that it had entered into a business agreement with Alussa Energy Acquisition Corporation, a blank-check company with executives with backgrounds from the oil and gas industry. ALUS was supposed to be an Oil and Gas SPAC but they pivot their SPAC and announced merger with FREYR, future battery gigafactory. In the pilot plant, we will optimize and further industrialize 24M’s technology to produce clean, low-cost and high-energy density battery solutions based on renewable energy. Factors that may cause actual results to differ materially from current expectations, include FREYR’s ability to execute on its business strategy and develop and increase production capacity in a cost-effective manner; changes adversely affecting the battery industry; the further development and success of competing technologies; the failure of 24M technology or FREYR’s batteries to perform as expected; and our ability to complete the business combination with Alussa Energy on the terms that we currently expect or at all. 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. Here’s everything potential ALUS stock investors need to know about Freyr ahead of its SPAC merger. 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 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. The license agreement provides FREYR with rights to unlimited production of battery cells based on all of 24M’s current and future technology. 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. 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. The announcement of the chosen supplier is targeted for the end of May 2021. Stock analysis for Freyr AS (FREYR:Norway OTC) including stock price, stock chart, company news, key statistics, fundamentals and company profile. FREYR is pleased to announce the appointment of Gery Bonduelle as EVP Sales. In connection with the Transaction, Alussa Energy and Pubco will file relevant materials with the SEC, including a Form S-4 registration statement to be filed by Pubco (the “S-4”), which will include a prospectus with respect to Pubco’s securities to be issued in connection with the proposed business combination and a proxy statement (the “Proxy Statement”) with respect to Alussa Energy’s shareholder meeting at which Alussa Energy’s shareholders will be asked to vote on the proposed Business Combination and related matters. FREYR is an emerging producer of clean battery solutions for a better planet. While Alussa Energy may pursue an acquisition opportunity in any industry or sector, Alussa Energy intends to focus on businesses across the entire global energy supply chain. Yahoo is part of Verizon Media. Freyr is a clean battery company with plans to … “FREYR is well on our way to building Norway’s first lithium-ion battery cell manufacturing facility at industrial scale. Prior to issuing the request for tender, pre-qualification of potential vendors was carried out in close collaboration with 24M Technologies (“24M”). This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the Transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. FREYR 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”). Doing so would make it one of the largest battery cell suppliers in Europe. 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 information in this press release includes forward-looking statements and information based on management’s expectations as of the date of this press release. ALUSSA ENERGY SHAREHOLDERS AND OTHER INTERESTED PERSONS ARE ADVISED TO READ, WHEN AVAILABLE, THE S-4 AND THE AMENDMENTS THERETO AND OTHER INFORMATION FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS THESE MATERIALS WILL CONTAIN IMPORTANT INFORMATION ABOUT ALUSSA ENERGY, PUBCO, FREYR AND THE TRANSACTION. 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. There can be no assurance that the Transaction will be completed, nor can there be any assurance, if the Transaction is completed, that the potential benefits of combining the companies will be realized. With the tender processes for the production line machinery underway, FREYR is on track to achieve the milestones outlined in our project plan,” said Einar Kilde, FREYR executive vice president in charge of projects. In the pilot plant, we will optimize and further industrialize 24M’s technology to produce clean, low-cost and high-energy density battery solutions based on renewable energy. You can change your choices at any time by visiting Your privacy controls. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The preliminary S-4 and Proxy Statement, the final S-4 and definitive Proxy Statement and other relevant materials in connection with the Transaction (when they become available), and any other documents filed by Alussa Energy with the SEC, may be obtained free of charge at the SEC’s website (www.sec.gov) or by writing to Alussa Energy Acquisition Corp. at c/o PO Box 500, 71 Fort Street, Grand Cayman KY1-1106, Cayman Islands. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Chi Chow, Alussa Energy, Strategy & Investor Relations, +1 929-303-6514, [email protected]. 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.. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. That includes reaching 43 GWh of battery cell production by 2025. Alussa Energy is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. FREYR is developing environmentally friendly lithium-ion based battery cell facilities in Mo i Rana, Northern Norway. The words “may,” will,” “expect,” “plan,” “target,” or similar terminology are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. 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 may not actually achieve the plans or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Freyr’s current shareholders are expected to own about 30% of the combined company after the merger closes in the second quarter of 2021. For more information, please visit www.freyrbattery.com. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. All statements other than statements of historical facts, including statements regarding FREYR’s business strategy, anticipated business combination with Alussa Energy (the “Transaction”) and the terms of such combination, anticipated benefits of FREYR’s technologies and projected production capacity are forward-looking statements. Current Pro-forma Equity Value is estimated at ~$2B at a $14 stock price. Freyr believes the merged company will have an equity value of NOK 12 billion. FREYR has issued Invitations to Tender for equipment packages needed for the battery cell production line for FREYR’s pilot plant in Mo i Rana, Norway. 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”). “The pilot plant site is prepared so that the first stages of construction can begin. On 29 January 2021, FREYR announced that it will become a publicly-listed company through a business combination with Alussa Energy Acquisition Corp., raising approximately USD 850 million in equity proceeds to accelerate the development of clean battery cell manufacturing capacity in Norway. It is exciting to see the development of our pilot plant materialize according to plan, which includes completing construction of the facility in 2022,” says Tom Einar Jensen, CEO of FREYR. 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"). 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. On 16 February 2021, the extraordinary general meeting of FREYR AS approved the business combination. Information about your device and Internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Find out more about how we use your information in our Privacy Policy and Cookie Policy. 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). For more information, please visit: https://www.alussaenergy.com. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications. NEW YORK & OSLO, Norway--(BUSINESS WIRE)--FREYR has issued Invitations to Tender for equipment packages needed for the battery cell production line for FREYR’s pilot plant in Mo i Rana, Norway. Freyr is a clean battery company with plans to expand its business with higher production. The company, listed on the New York Stock Exchange, will be called “Freyr Battery”. Here’s everything potential ALUS stock investors need to know about Freyr ahead of its SPAC merger. Freyr Battery or Pubco’s common stock is expected to start trading on NYSE as FREY in the second quarter of 2021. 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