FREYR – Update on Expected Transaction Closing
OSLO, Norway, June 30, 2021 –The business combination of Alussa Energy Acquisition Corp. (“Alussa Energy”) and FREYR AS (“FREYR”) is expected to be effected on July 9, 2021, through a newly created holding company, FREYR Battery. As previously announced, Alussa Energy will become a wholly-owned subsidiary of FREYR Battery, and the legacy business of FREYR (other than FREYR’s wind business) will be operated by a wholly-owned subsidiary of FREYR Battery upon the consummation of the transaction. FREYR Battery’s ordinary shares are expected to be traded on the New York Stock Exchange under the