FREYR Battery Announces Closing of $264,500,000 Public Offering of Ordinary Shares
NEW YORK & OSLO & LUXEMBOURG--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, today announced the closing of an underwritten public offering of 23,000,000 of its Ordinary Shares without nominal value, including the green shoe option that was exercised in full by the underwriters on December 1, 2022, at a public offering price of $11.50 per share before underwriting discounts. The gross proceeds from the offering, including the green shoe option, were approximately $264,500,000. The offering closed on December 5, 2022. FREYR