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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): November 18, 2024

 

FREYR Battery, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   333-274434   93-3205861

(State or other jurisdiction

of incorporation)

   (Commission File Number)   (IRS Employer
Identification No.)

 

6&8 East Court Square, Suite 300,

Newnan, Georgia 30263  

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (678) 632-3112

 

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
Common Stock, par value $0.01   FREY   The New York Stock Exchange
Warrants, each whole warrant exercisable for one share of Common Stock 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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On November 6, 2024, the Board of Directors (the “Board”) of FREYR Battery, Inc., a Delaware corporation (the “Company”), announced the appointment of Daniel Barcelo as its CEO, effective immediately.

 

On November 17, 2024, the Company and Mr. Barcelo agreed upon an annual base salary of $800,000 for the role as CEO of the Company, with such remuneration to be calculated effective November 4, 2024. The other terms of his compensation as CEO of the Company remain under discussion and will be separately disclosed when finalized.

 

Mr. Barcelo will receive no compensation for his service as a director of the Board apart from his compensation as CEO.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

1

 

 

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, Inc.
   
Date: November 18, 2024 By: /s/ Daniel Barcelo
  Name:   Daniel Barcelo
  Title:

Chief Executive Officer and Chairman of the Board of Directors

 

 

2

 

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Cover
Nov. 18, 2024
Document Type 8-K
Amendment Flag false
Document Period End Date Nov. 18, 2024
Entity File Number 333-274434
Entity Registrant Name FREYR Battery, Inc.
Entity Central Index Key 0001992243
Entity Tax Identification Number 93-3205861
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 6&8 East Court Square, Suite 300,
Entity Address, City or Town Newnan,
Entity Address, State or Province GA
Entity Address, Postal Zip Code 30263
City Area Code 678
Local Phone Number 632-3112
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Common Stock, par value $0.01  
Title of 12(b) Security Common Stock, par value $0.01
Trading Symbol FREY
Security Exchange Name NYSE
Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50  
Title of 12(b) Security Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50
Trading Symbol FREY WS
Security Exchange Name NYSE
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