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00-00000000001844224false00018442242023-12-072023-12-070001844224freyr:OrdinarySharesWithoutNominalValueMember2023-12-072023-12-070001844224freyr:WarrantsEachWholeWarrantExercisableForOneOrdinaryShareAtAnExercisePriceOf1150Member2023-12-072023-12-07


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): December 7, 2023
  
FREYR Battery
(Exact name of registrant as specified in its charter)

 
Luxembourg   001-40581   Not Applicable
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

22-24, Boulevard Royal, L-2449 Luxembourg
Grand Duchy of Luxembourg 
(Address of principal executive offices, including zip code)
     
Registrant’s telephone number, including area code: +352 621 727 777


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:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Ordinary Shares, without nominal value  
FREY
  The New York Stock Exchange
Warrants, each whole warrant exercisable for one Ordinary Share at an exercise price of $11.50   FREY WS   The New York Stock Exchange
 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) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2). 
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 8.01. Other Events.
On November 13, 2023, FREYR Battery (the “Company” or “FREYR”) released a letter to shareholders from its Executive Chairman and Co-Founder, Tom Jensen, and its Chief Executive Officer, Birger Steen. One of the commitments made in the letter was that certain members of the management team and board of directors would purchase Company shares in the open market. In line with the Company’s policies, the Company allowed management and directors to purchase Company ordinary shares beginning November 30, 2023. As of December 7, 2023, the directors and officers mentioned in the table below had purchased an aggregate of 240,000 Company ordinary shares, and had the following direct ownership of Company ordinary shares:
Name Title
Shares
Purchased
Total Shares Held After Purchase
Tom Einar Jensen
Executive Chair and Co-Founder
60,000  1,590,953 
Peter Matrai Director 60,000  1,181,326 
Birger Steen
Chief Executive Officer and Director
60,000  60,000 
Oscar K. Brown Chief Financial Officer 60,000  60,000 
240,000  2,892,279 
Assuming FREYR’s previously announced process to redomicile from Luxembourg to the U.S. is approved at the extraordinary general meeting of shareholders to be held on December 15, 2023, FREYR expects to be subject to the insider reporting requirements of section 16 of the Securities Exchange Act of 1934 (the “Act”) as of January 2024. FREYR disclaims any duty to update the above disclosures regarding insider purchases and ownership of the Company’s ordinary shares, outside of its requirements under the Act.
Item 9.01. Financial Statements and Exhibits. 
(d) Exhibits.
Exhibit No.   Description
104  
Cover Page Interactive Data File (embedded within the Inline XBRL document)

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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.
  FREYR BATTERY
   
Date: December 7, 2023
By: /s/ Are L. Brautaset
  Name: Are L. Brautaset
  Title:
Chief Legal Officer
 

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