FREYR Battery Publishes Shareholder Letter Highlighting Giga America Development and Redomiciling Initiative

DENVER, Colo., Nov 13, 2023 (www.247marketnews.com)- FREYR Battery (NYSE:FREY) published a letter to shareholders, this morning, from its co-Founder and Executive Chairperson, Tom Einar Jensen, and Chief Executive Officer, Birger Steen, encouraging their shareholders to vote at their upcoming Extraordinary General Meeting on December 15, 2023.

FREYR Battery’s executive management believes that its previously announced plan to redomicile from Luxembourg to the U.S. and develop Giga America will add value for their shareholders, the majority of whom are based in the U.S.

FREYR Battery is trading at $1.66, up $0.16 (+10.7%) on 143.8K premarket shares.

Its 52-week range is $1.40 to $15.80. It set a new 52-week low on Friday and, if its trading volume can strengthen, its setup would be favorable for a significant reversal.

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