FREYR to Participate in BTIG Energy Transition EV Day Conference
February 22 2021 - 9:11AM
Business Wire
FREYR AS announced today that the company's Chief Executive
Officer, Tom Einar Jensen, will attend the BTIG Energy Transition
EV Day conference on Tuesday, February 23, 2021.
For more information about the conference go to
www.btig.com/news.
On 29 January 2021 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 of clean battery cell manufacturing
capacity in Norway. 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.
About FREYR AS
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 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. 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. 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. For
more information, please visit www.freyrbattery.com.
Forward-looking statements
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. 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. 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 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. 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.
No Offer or Solicitation
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. 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.
No Assurances
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.
Important Information about the Transaction and Where to Find
It
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. 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. 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. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210222005549/en/
Steffen Føreid, Chief Financial Officer,
steffen.foreid@freyrbattery.com Harald Bjørland, IR adviser,
hb@crux.no
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