UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June
30, 2021
ALUSSA ENERGY ACQUISITION CORP.
(Exact name of registrant as specified in its charter)
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Cayman Islands
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001-39145
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N/A
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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PO Box 500, 71 Fort Street
Grand Cayman KY1-1106
Cayman Islands
(Address of principal executive offices, including
zip code)
Registrant’s telephone number, including area
code: +1 345 949 4900
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading Symbol(s)
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Name of each exchange on
which registered
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Units, each consisting of one Class A Ordinary Share and one-half of one Redeemable Warrant
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ALUS.U
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The New York Stock Exchange
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Class A Ordinary Shares, par value $0.0001 per share
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ALUS
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The New York Stock Exchange
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Warrants, each whole warrant exercisable for one Class A Ordinary Share for $11.50 per share
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ALUS.WS
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The New York Stock Exchange
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Indicate by check mark whether the registrant is an
emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
FREYR Battery 2021 Equity Incentive Plan
At the Extraordinary General Meeting (the “Extraordinary General
Meeting”) held on June 30, 2021, shareholders of Alussa Energy Acquisition Corp. (“Alussa”) passed an ordinary resolution
approving the adoption by FREYR Battery, a corporation in the form of a public limited liability company (société anonyme)
incorporated under the laws of Luxembourg, with registered office at 412F, route d’Esch, L-2086 Luxembourg, Grand Duchy of Luxembourg,
registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés) under number B
251199, of its 2021 Incentive Plan (the “2021 Plan”), which makes available for issuance a number of shares equal to approximately
10% of the total outstanding capital stock of FREYR Battery. A summary of the 2021 Plan is included in Alussa’s definitive proxy
statement (the “Definitive Proxy”) for the Extraordinary General Meeting filed with the Securities and Exchange Commission
(the “SEC”) on June 14, 2021 and is incorporated by reference, which summary is qualified in all respects by the full text
of the 2021 Plan, included as Annex D to the Definitive Proxy.
Item 5.07 Submission of Matters to a Vote of Security Holders
At the Extraordinary General Meeting, 21,132,371
holders of Alussa’s ordinary shares, which represented 58.80% of the ordinary shares outstanding and entitled to vote as of the
record date of April 30, 2021, were represented in person or by proxy. The final voting results for each matter submitted to a vote of
the Alussa shareholders at the Extraordinary General Meeting are set forth below:
Approval of the Business Combination Proposal
The shareholders passed an ordinary resolution
approving the Business Combination Agreement, dated as of January 29, 2021, (as may be amended from time to time, the “Business
Combination Agreement”), a copy of which is attached to the Definitive Proxy as Annex A (the “Business Combination Proposal”),
by and among Alussa, Alussa Energy Sponsor LLC, FREYR Battery, FREYR AS, a company organized under the laws of Norway, ATS AS, Norway
Sub 1 AS, Norway Sub 2 AS, Adama Charlie Sub and the shareholders of FREYR named therein, and the transactions contemplated thereby (the
transactions contemplated by the Business Combination Agreement collectively, the “Business Combination”) and adopted in all
respects on behalf of Alussa and authorized and directed the directors and officers of Alussa, or persons authorized by the directors
of Alussa, to execute all documents and take all necessary or desirable actions in order to effect such Business Combination. The voting
results with respect to the Business Combination Proposal were as follows:
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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18,706,664
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2,295,242
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130,465
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N/A
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Approval of the Merger Proposal
The shareholders passed a special resolution authorizing,
approving and adopting the plan of merger substantially in the form attached to the Definitive Proxy as Annex C (the “Merger Proposal”).
The voting results with respect to the Merger Proposal were as follows:
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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18,704,039
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2,296,649
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131,683
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N/A
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Approval of the Share Issuance Proposal
The shareholders passed an ordinary resolution
approving, for the purpose of complying with the New York Stock Exchange’s Listed Company Manual rules, the issuance of more than
20% of FREYR Battery’s issued and outstanding ordinary shares, and 20% or more of the voting power of FREYR Battery’s ordinary
shares, in financing transactions in connection with the proposed Business Combination (collectively, the “Share Issuance Proposal”).
The voting results with respect to the Share Issuance Proposal were as follows:
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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18,687,845
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2,311,199
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133,327
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N/A
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Approval of the Incentive Plan Proposal
The shareholders passed an ordinary resolution
authorizing and approving FREYR Battery’s adoption of the 2021 Plan (the “Incentive Plan Proposal”). The voting results
with respect to the Incentive Plan Proposal were as follows:
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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20,869,074
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82,717
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180,580
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N/A
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Approval of the Adjournment Proposal
The shareholders approved the adjournment of the
Extraordinary General Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon
the tabulated vote at the time of the Extraordinary General Meeting, there are not sufficient votes to approve one or more proposals presented
to shareholders for a vote or if holders of the Public Shares have elected to redeem an amount of Public Shares such that the minimum
available cash condition to the Closing would not be satisfied (as each capitalized term is defined in the Definitive Proxy) (collectively,
the “Adjournment Proposal”). The voting results with respect to the Adjournment Proposal were as follows:
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Votes For
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Votes Against
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Abstentions
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Broker Non-Votes
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18,650,238
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2,306,243
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175,890
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N/A
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Though not guaranteed, Alussa expects to close the
Business Combination on July 9, 2021, subject to the satisfaction of customary closing conditions, and for FREYR Battery ordinary shares
and warrants to begin publicly trading on the New York Stock Exchange under the new symbols “FREY” and “FREY WS”,
respectively, on July 8, 2021.
On June 30, 2021 FREYR and Alussa issued a joint press
release announcing the results of the shareholder vote of the Extraordinary General Meeting. A copy of the press release is attached hereto
as Exhibit 99.1.
On the same day, FREYR issued a press release providing
an update on the expected transaction closing timeline. A copy of the press release is attached hereto as Exhibit 99.2.
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Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits
SIGNATURE
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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ALUSSA ENERGY ACQUISITION CORP.
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By:
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/s/ Daniel Barcelo
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Name:
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Daniel Barcelo
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Title:
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Chief Executive Officer and President
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Dated: June 30, 2021
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Exhibit 99.1
Joint
Press Release
Alussa
Energy Acquisition Corp. Shareholders Approve
Business Combination with FREYR AS
NEW YORK,
NY and OSLO, Norway, June 30, 2021 – Alussa Energy Acquisition Corp. (“Alussa Energy”) (NYSE: ALUS), a Cayman Island
exempted special purpose acquisition company, announced that its shareholders approved all proposals related to the previously announced
business combination (the “Business Combination”) with FREYR AS (“FREYR”), a Norway-based developer of clean,
next-generation battery cell production capacity, at a special meeting of Alussa Energy’s shareholders held today. Approved votes
for the five proposals for shareholder consideration represented a range of between approximately 89.0%-99.6% of votes cast at the meeting,
depending on the proposal. Total votes cast at the meeting represented approximately 58.8% of Alussa Energy’s outstanding shares.
The formal results of the vote will be included in a Current Report on Form 8-K to be filed by Alussa Energy with the U.S. Securities
and Exchange Commission.
Alussa Energy
and FREYR expect to close the Business Combination on July 9, 2021. Following closing, the combined company will be known as FREYR Battery
and its common stock and warrants are expected to trade on the New York Stock Exchange under the ticker symbols “FREY” and
“FREY.WS”, respectively. At the closing of the Business Combination, each Alussa Energy unit will separate into its components
consisting of one Alussa Energy ordinary share and one-half of one warrant and, as a result, will no longer trade as a separate security.
“We are
proud of this significant achievement for Alussa Energy. We sincerely thank all of our sponsors, shareholders, investors in the private
investment in public equity offering and other stakeholders for their dedication and support throughout the transaction process,”
said Daniel Barcelo, Chief Executive Officer of Alussa Energy. “It has been a privilege to partner with FREYR and we are excited
to deliver the capital from the business combination to support the company’s ambition of developing clean battery solutions to
decarbonize transport and energy systems around the globe. We look forward to FREYR’s journey as a New York Stock Exchange listed
company.”
“We are
ready to deploy the equity capital from the expected completion of the business combination between Alussa Energy and FREYR to advance
our sustainable battery cell production in Norway and accelerate commercial discussions across all market segments,” remarked Tom
Jensen, Chief Executive Officer of FREYR. “With the completion of this transaction, FREYR is closer to realizing our goal of producing
clean, low-cost and low-carbon battery cells, with the final investment decision for our pilot plant as the next milestone.”
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 the entire global energy supply chain. For more information, please visit
www.alussaenergy.com.
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
This press release
contains, and certain oral statements made by representatives of Alussa Energy and FREYR and their respective affiliates, from time to
time may contain, “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. Alussa Energy’s, FREYR Battery’s and FREYR’s actual results may differ from
their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions
of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “might” and “continues,” and similar
expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, expectations
with respect to the listing of FREYR Battery’s common stock and warrants on the New York Stock Exchange, the production of clean
and cost-effective batteries, the plan to deliver 43 GWh of next-generation battery cell manufacturing capacity in Norway by 2025, collaborations
with customers and global supply chain partners across the transportation and energy storage sectors, the ability to leverage the Nordic
region’s developing battery ecosystem and the closing of the Business Combination shortly after the Special Meeting and related
targeted dates. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ
materially from expected results. Most of these factors are outside the control of Alussa Energy, FREYR Battery or FREYR and are difficult
to predict. Factors that may cause such differences include, but are not limited to: the inability to consummate the transaction; the
inability to obtain the listing of FREYR Battery’s common stock and warrants on the New York Stock Exchange following the transaction;
the failure of capital to be delivered in the Business Combination; the risk that the transaction disrupts current plans and operations
as a result of the announcement and consummation of the transaction; the inability to recognize anticipated benefits of the proposed Business
Combination; the possibility that Alussa Energy, FREYR Battery or FREYR may be adversely affected by other economic, business, and/or
competitive conditions that might lead to, among other things, a failure to develop clean and cost-effective batteries, deliver on the
targeted battery cell manufacturing capacity, leverage Norway’s perceived advantages in battery production and build collaborations
with customers in the transportation and energy markets; and other risks and uncertainties identified in the registration/proxy statement
relating to the transaction, including those under “Risk Factors” therein, and in other filings with the SEC made by Alussa
Energy, FREYR Battery and FREYR. Alussa Energy, FREYR Battery and FREYR caution that the foregoing list of factors is not exclusive, and
caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. None of Alussa
Energy, FREYR Battery or FREYR undertakes or accepts any obligation or undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any
such statement is based, subject to applicable law.
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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.
Information
Sources; No Representations
This press release
has been prepared for use by Alussa Energy, FREYR Battery and FREYR in connection with the transaction. The information herein does not
purport to be all-inclusive. The information herein is derived from various internal and external sources, with all information relating
to the business, past performance, results of operations and financial condition of Alussa Energy was derived entirely from Alussa Energy
and all information relating to the business, past performance, results of operations and financial condition of FREYR and FREYR Battery
was derived entirely from FREYR. No representation is made as to the reasonableness of the assumptions made with respect to the information
herein, or to the accuracy or completeness of any projections or modeling or any other information contained herein. Any data on past
performance or modeling contained herein is not an indication as to future performance.
No representations
or warranties, express or implied, are given in respect of this press release. To the fullest extent permitted by law in no circumstances
will Alussa Energy, FREYR Battery or FREYR, or any of their respective subsidiaries, affiliates, shareholders, representatives, partners,
directors, officers, employees, advisors or agents, be responsible or liable for any direct, indirect or consequential loss or loss of
profit arising from the use of this press release, its contents (including without limitation any projections or models), any omissions,
reliance on information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith,
which information relating in any way to the operations of FREYR or FREYR Battery has been derived, directly or indirectly, exclusively
from FREYR and has not been independently verified by Alussa Energy. Neither the independent auditors of Alussa Energy nor the independent
auditors of FREYR or FREYR Battery audited, reviewed, compiled or performed any procedures with respect to any projections or models for
the purpose of their inclusion in this press release and, accordingly, neither of them expressed any opinion or provided any other form
of assurances with respect thereto for the purposes of this press release.
For investor
inquiries, please contact:
For Alussa
Energy:
Chi Chow
Investor Relations
cchow@alussaenergy.com
Tel (+1) 929-303-6514
For FREYR:
Jeffrey Spittel
Vice President,
Investor Relations
jeffrey.spittel@freyrbattery.com
Tel: (+1) 281-222-0161
Harald Bjørland
Investor Relations
Harald.bjorland@freyrbattery.com
Tel: (+47) 908
58 221
Source: FREYR
Battery
Exhibit 99.2
News Release
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 new symbol “FREY”. In addition, FREYR
Battery’s warrants issued in exchange for warrants of Alussa Energy are expected to be traded on the New York Stock Exchange under
the new symbol “FREYR.WS”.
The
Extraordinary General Meeting of Alussa Energy shareholders (the “Special Meeting”) today approved the proposed business
combination with FREYR. Provided all other closing conditions for proposed business combination are or remain satisfied, the timing of
the main events leading up to closing are expected to be as follows:
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·
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July
2, 2021: The last day that FREYR trades on NOTC inclusive of its wind business is expected
to be Friday, July 2, 2021. At close of business on that date, the filing to effect the demerger
of FREYR’s wind business from FREYR will be submitted for registration. Registration
is expected to take place on the same day.
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·
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July
5, 2021: The last day that FREYR trades on NOTC is expected to be Monday, July 5, 2021. At
close of business on that date, the filing to effect the merger of FREYR into Norway Sub
1 AS will be submitted for registration. Registration is expected to take place on the same
day.
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·
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July
7, 2021: The merger of Alussa Energy with FREYR Battery is expected to complete on Wednesday,
July 7, 2021. The ordinary shares of FREYR Battery, as well as warrants of FREYR Battery
issued in exchange for warrants of Alussa Energy, will be listed on the New York Stock Exchange
under the ticker symbols “FREY” and “FREY.WS”, respectively, from
July 8.
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·
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July
9, 2021: The (1) $600 million private placement agreed in connection with the proposed business
combination and (2) the merger of Norway Sub 1 AS with FREYR Battery are expected to be completed
on Friday, July 9, 2021.
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The
Exchange Ratio for use in the merger of Norway Sub 1 AS into FREYR Battery is expected to be unchanged at 1 share of Norway Sub 1 AS
for 0.179038 shares of FREYR Battery. VPS registered holdings of FREYR / Norway Sub 1 AS shares and warrants as of July 7, 2021 will
be used to determine the number of FREYR Battery shares and warrants to be issued to each holder on an account by account basis.
The
issuance of FREYR Battery ordinary shares and warrants to Alussa Energy holders have been registered on an effective Form S-4 registration
statement and (other than ordinary shares and warrants held by the sponsor and other affiliated holders) will be immediately freely tradable.
FREYR
Battery will seek registration for the resale of shares issued to investors in the $600 million private placement and holders of Norway
Sub 1 (legacy FREYR holders), as well as ordinary shares underlying warrants issued to Alussa Energy holders, and ordinary shares and
warrants held by Alussa’s sponsor and other affiliated holders through the filing of a registration statement on Form S-1 for the
resale of these securities (the “Resale S-1”). None of these securities will be freely tradeable until the U.S. Securities
and Exchange Commission (the “SEC”) has notified the FREYR Battery that resales may commence pursuant to the Resale S-1 (the
“Effectiveness”). Given that the timing of the Effectiveness is not solely within FREYR Battery’s control, it cannot
provide an estimate as to when to the Effectiveness will occur and these securities will become freely tradeable. FREYR Battery intends
to seek the Effectiveness as promptly as practicable after the closing of the proposed business combination. FREYR Battery will provide
an update once the Effectiveness has occurred.
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 the entire global energy supply chain. For more information, please visit
www.alussaenergy.com.
Forward-Looking
Statements
Certain
statements made in this press release, and certain oral statements made by representatives of Alussa Energy, FREYR Battery and FREYR
and their respective affiliates, from time to time may contain, “forward-looking statements” within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act of 1995. Alussa Energy’s, FREYR Battery’s and FREYR’s
actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believes,” “predicts,” “potential,” “might” and “continues,”
and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation,
the listing of FREYR Battery’s ordinary shares and ordinary share warrants on the New York Stock Exchange and the closing of the
business combination shortly after the Special Meeting and related targeted dates. These forward-looking statements involve significant
risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside
the control of Alussa Energy, FREYR Battery or FREYR and are difficult to predict. Factors that may cause such differences include, but
are not limited to: the inability to consummate the transaction; the inability to obtain the listing of FREYR Battery’s ordinary
shares and ordinary share warrants on the New York Stock Exchange following the transaction; the failure of capital to be delivered in
the business combination; the risk that the transaction disrupts current plans and operations as a result of the announcement and consummation
of the transaction; the inability to recognize anticipated benefits of the proposed business combination; and other risks and uncertainties
identified in the registration/proxy statement relating to the transaction, including those under “Risk Factors” therein,
and in other filings with the SEC made by Alussa Energy, FREYR Battery and FREYR. Alussa Energy, FREYR Battery and FREYR caution that
the foregoing list of factors is not exclusive, and caution readers not to place undue reliance upon any forward-looking statements,
which speak only as of the date made. None of Alussa Energy, FREYR Battery or FREYR undertakes or accepts any obligation or undertaking
to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change
in events, conditions or circumstances on which any such statement is based, subject to applicable law.
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.
Information
Sources; No Representations
This
press release has been prepared for use by Alussa Energy, FREYR Battery and FREYR in connection with the transaction. The information
herein does not purport to be all-inclusive. The information herein is derived from various internal and external sources, with all information
relating to the business, past performance, results of operations and financial condition of Alussa Energy was derived entirely from
Alussa Energy and all information relating to the business, past performance, results of operations and financial condition of FREYR
and FREYR Battery was derived entirely from FREYR. No representation is made as to the reasonableness of the assumptions made with respect
to the information herein, or to the accuracy or completeness of any projections or modeling or any other information contained herein.
Any data on past performance or modeling contained herein is not an indication as to future performance.
No
representations or warranties, express or implied, are given in respect of this press release. To the fullest extent permitted by law
in no circumstances will Alussa Energy, FREYR Battery or FREYR, or any of their respective subsidiaries, affiliates, shareholders, representatives,
partners, directors, officers, employees, advisors or agents, be responsible or liable for any direct, indirect or consequential loss
or loss of profit arising from the use of this press release, its contents (including without limitation any projections or models),
any omissions, reliance on information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection
therewith, which information relating in any way to the operations of FREYR or FREYR Battery has been derived, directly or indirectly,
exclusively from FREYR and has not been independently verified by Alussa Energy. Neither the independent auditors of Alussa Energy nor
the independent auditors of FREYR or FREYR Battery audited, reviewed, compiled or performed any procedures with respect to any projections
or models for the purpose of their inclusion in this press release and, accordingly, neither of them expressed any opinion or provided
any other form of assurances with respect thereto for the purposes of this press release.
Contact
details:
Steffen
Føried
Chief
Financial Officer
steffen.foreid@freyrbattery.com
(+47)
975 57 406
Harald
Bjørland
Investor
Relations
Harald.bjorland@freyrbattery.com
(+47)
908 58 221
Hilde
B. Rønningsen
Director
of Communications
Phone:
+47 4539 7184
hilde.ronningsen@freyrbattery.com