The battery cell maker will go public via a deal with Alussa Energy Acquisition Corp. (ALUS), a blank check company. Developer of lithium-ion battery intended to accelerating demand for green batteries. 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 Axe at the low price $99.99. Pro forma equity value of the combined company is expected to be about $1.4 billion. 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”). ... SPAC IPO … The combined company will be listed on the New York Stock Exchange under the ticker symbol (FREY). FREYR expects to deliver safer, higher energy density and lower cost clean battery cells made with renewable energy from an ethically and sustainably sourced supply chain. 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. Alussa Energy Acquisition Corp. (ALUS) to Combine with FREYR in $1.4Bn Deal Jan 29, 2021 INTEL by Matt Cianci Alussa Energy Acquisition Corp. (NYSE:ALUS) has entered into a definitive agreement to combine with Norwegian battery producer, FREYR, at a pro forma enterprise value of $529 million and an equity value of $1.377 billion. In the past week alone, two companies have announced plans to become publicly traded by merging with SPACs. This Chinese EV maker went public via IPO … Three days ago, they also bought into a similar merger, this time for Norway’s Freyr, a battery maker.In both cases, the merger is a SPAC deal. The battery cell maker will go public via a deal with Alussa Energy Acquisition Corp. , a blank check company. FREYR Battery. FREYR is developing environmentally friendly lithium-ion based battery cell facilities in Mo i Rana, Northern Norway. The speed of charging, of course, depends on the power source you use. European battery manufacturer FREYR said last week it would become a publicly traded company through a special purpose acquisition vehicle with a valuation at $1.4 billion. Batteries are the latest landing pad for investors, TechCrunch reports. When there is 10% battery left, the HS2 will begin to beep and alert the user without having to take the headlamp off to check. FREYR AS, 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., (NYSE: ALUS), a Cayman Islands exempted, publicly listed special purpose acquisition company (“SPAC”). The battery pack itself is a customized 2000 mAh LiPo cell, which can be recharged anywhere you can plug in a USB cable. Freyr SPAC Merger: 14 Things for ALUS Stock Investors to Know About the Clean Battery Play Jan. 29, 2021 at 11:38 a.m. 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. Freyr said in statement in July 2020 that: "FREYR intends to apply for a listing at a recognized marketplace in the next 12-18 months. " The battery pack can be charged via micro-USB or you can power the light directly and bypass the pack if it runs out of power with any USB power source.
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