Deal snapshot: FREYR to Combine with Alussa Energy to List on NYSE as FREY.
MANews-(C)2009-2021
Norwegian battery cell developer FREYR AS has agreed to combine with Cayman Islands special purpose acquisition company Alussa Energy acquisition Corp. to become publicly listed as FREYR Battery (NYSE: FREY), the company said.
The transaction implies an equity value of FREYR of approximately USD 410m. Current FREYR shareholders (fully diluted) are expected to own approximately 30% of the combined company...
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