FREYR to Participate in Upcoming Investor Conference Events
08 Marzo 2021 - 8:03AM
Business Wire
FREYR AS, (the “Company” or “FREYR”), a Norway-based developer
of clean, next-generation battery cell production capacity
announced today that the company's Chief Executive Officer, Tom
Einar Jensen, will meet with investors at the following upcoming
conference events:
- B Riley Securities Sustainable Energy & Technology
Conference, 9 March 2021
- Tudor, Pickering, Holt & Co. 2021 Battery Workshop (Virtual
conference), 31 March 2021
- UBS Global Energy Transition Call Series, 16 April 2021
Updated investor presentations will be made available on the
Investors section of FREYR’s website at www.freyrbattery.com.
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. 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 approved the business
combination.
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.
About Alussa Energy Acquisition Corp.
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. While Alussa Energy may pursue an acquisition
opportunity in any industry or sector, Alussa Energy intends to
focus on businesses across traditional energy markets as well as
the accelerating energy transition movement towards renewables and
decarbonization across transportation and industrial systems. For
more information, please visit: https://www.alussaenergy.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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210307005051/en/
FREYR Steffen Føreid, CFO, +47 9755 7406,
steffen.foreid@freyrbattery.com Harald Bjørland, Investor
Relations, +47 908 58 221, hb@crux.no Hilde Rønningsen, Director of
Communications,+47 453 97 184,
hilde.ronningsen@freyrbattery.com
Alussa Energy Chi Chow, Alussa Energy, Strategy &
Investor Relations, +1 929-303-6514, cchow@alussaenergy.com
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