Teknovekst Invest AS acquired 600,000 Freyr Battery shares on November 10

In a regulatory filing, Stig Andre Tanum, Chairman of Teknovekst Invest AS, disclosed that Tanum initially invested in FREYR AS, a company organized under the laws of Norway, or “FREYR Legacy,” in connection with the completion of the issuer’s business combination with Alussa Energy Acquisition Corp. on July 9, 2021. As of that date, all outstanding shares of FREYR Legacy were converted into ordinary shares, resulting in the reporting persons holding 8,390,446 ordinary shares at the time of the business combination. On April 13, 2023, Teknovekst Invest sold an aggregate of 250,000 ordinary shares in open market transactions, resulting in the reporting persons holding 6,980,446 ordinary shares. After giving effect to such sales, as of April 13, 2023, the reporting persons ceased to be the beneficial owner of more than five percent of the ordinary shares and on April 19, 2023, filed an amendment to their previously filed Schedule 13D, filed on July 21, 2021, to report this. On November 10, 2023, Teknovekst Invest AS acquired an aggregate of 600,000 ordinary shares in open market transactions. The reporting persons used an aggregate of $894,180 to purchase the 600,000 ordinary shares. The source of these funds was though the reallocation of other liquid positions.