# EDGAR Filing Document

**Accession Number:** 0001844224
**File Stem:** 0001213900-23-002029
**Filing Date:** 2023-1
**Character Count:** 15042
**Document Hash:** f74080623d4da6f27c1c54c77797099f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-002029.hdr.sgml**: 20230110

**ACCESSION NUMBER**: 0001213900-23-002029

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230108

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230110

**DATE AS OF CHANGE**: 20230110

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FREYR Battery
- **CENTRAL INDEX KEY:** 0001844224
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** N4
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40581
- **FILM NUMBER:** 23521307

**BUSINESS ADDRESS:**
- **STREET 1:** 22-24, BOULEVARD ROYAL
- **CITY:** GRAND DUCHY OF LUXEMBOURG
- **STATE:** N4
- **ZIP:** L-2449
- **BUSINESS PHONE:** 352 46 61 11 3721

**MAIL ADDRESS:**
- **STREET 1:** 22-24, BOULEVARD ROYAL
- **CITY:** GRAND DUCHY OF LUXEMBOURG
- **STATE:** N4
- **ZIP:** L-2449

?xml version="1.0" encoding="utf-8"?

**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): **January 8, 2023**

**FREYR Battery**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Luxembourg** | **001-40581** | **Not Applicable** |
| (State or other jurisdiction<br> of incorporation) | (Commission File Number) | (IRS Employer<br> Identification No.) |

---

---

| |
|:---|
| **22-24, Boulevard Royal, L-2449 Luxembourg**<br> **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:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Ordinary Shares, no par value | FREY | The New York Stock Exchange |
| Warrants, each whole warrant exercisable for one Ordinary Share for $11.50 per share | 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 January 8, 2023, Jeremy Bezdek notified the Board of Directors (the "Board") of FREYR Battery, a corporation in the form of a public limited liability company (*société anonyme*) incorporated under the laws of Luxembourg (the "Company"), that he will be tendering his resignation as a director of the Company and as a member of its Compensation Committee (the "Committee"). Mr. Bezdek was first appointed to the Board in July 2021. His decision to resign was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices (financial or otherwise). By a resolution of the Board, his resignation became effective on January 9, 2023. As announced by the Company on December 23, 2022, Mr. Bezdek currently serves as the Company's Executive Vice President of Global Corporate Development and President of FREYR Battery U.S. and is expected to continue serving in this position following his resignation from the Board.

Daniel Steingart is currently the Stanley-Thompson Professor of Chemical Metallurgy at Columbia University where he is also the co-director of the Columbia Electrochemical Energy Center. Over the last decade, his research in energy storage has been adopted by various industries and has led directly or indirectly to five electrochemical energy-related startup companies. Additionally, Dr. Steingart is an Advisor to Electra where he held the role of Chief Scientist between 2020 and 2021, Co-Founder of Liminal Insights Inc. (since 2015) and Innate Energy, Scientific Advisor to Voltaiq and Industry Advisor to Sila Nanotechnologies Inc. since 2016. Dr. Steingart joined Columbia University in 2019 from Princeton University, where he was an associate professor in the Department of Mechanical and Aerospace Engineering and the Andlinger Center for Energy and the Environment from 2013 to 2019. Earlier, he was an assistant professor in chemical engineering at the City College of the City University of New York. Dr. Steingart received his Ph.D. in Materials Science from the University of California, Berkeley, in 2006.

The Board believes Dr. Steingart is qualified to serve on the Company's Board due to his extensive experience in battery storage research and applications, energy technology and chemical engineering.

The Board has determined that Dr. Steingart is independent under the New York Stock Exchange's listing standards and applicable law. There are no arrangements or understandings between Dr. Steingart and any other persons pursuant to which Dr. Steingart was appointed as a director of the Company. In addition, there are no family relationships between Dr. Steingart and any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer. There are no related party transactions between the Company and Dr. Steingart that are required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Dr. Steingart is eligible to receive compensation in accordance with the Company's standard non-employee director compensation program. A description of the Company's historical compensatory arrangement for non-employee directors is set forth under the heading "Non-Employee Director Compensation" in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on March 9, 2022, which may be adjusted by the Board from time to time. The Company expects that Dr. Steingart will enter into the Company's standard form of indemnification agreement for its directors and officers.

**Item 9.01. Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Press Release of FREYR Battery, issued January 10, 2023.](ea171262ex99-1_freyrbattery.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**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** | **FREYR Battery** | **FREYR Battery** |
| By: | /s/ Are L. Brautaset | /s/ Are L. Brautaset |
|  | Name: | Are L. Brautaset |
|  | Title: | Chief Legal Officer |

---

Dated: January 10, 2023

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_001.jpg)

**News Release**

**FREYR Battery Announces Appointments of Dan Steingart and Jason Forcier to Board of Directors**

 

*Columbia University Professor and seasoned operations executive bring decades of industry, technical and advisory experience in battery sector*

On January 9, 2023, FREYR's Board appointed Dr. Dan Steingart as an independent director of the Company, effective January 9, 2023. Dr. Steingart is the Stanley-Thompson Professor of Chemical Metallurgy at Columbia University where he is also the co-director of the Columbia Electrochemical Energy Center. Over the last decade, his research in energy storage has been adopted by various industries and has led directly or indirectly to five electrochemical energy-related startup companies. Additionally, Dr. Steingart has served as Chief Scientist/Advisor to ElectraSteel since 2020, Co-Founder of Liminal Insights Inc. since 2015 and Industry Advisor to Sila Nanotechnologies Inc. since 2016.

"I want to extend a warm welcome to Dan as he joins our Board of Directors," commented Torstein Dale Sjøtveit, FREYR's Founder and Executive Chairperson. "Dan brings impressive technical and industry credentials to the FREYR Board as a distinguished electrochemistry expert, a highly respected professor and research scientist at one of the world's foremost academic institutions, and a valued advisor to start-up companies in the energy sector. Our entire team is looking forward to his stewardship through the next phase of FREYR's growth as a global industrial partner of choice in the clean battery space."

"I am excited to be joining the FREYR Board of Directors during a crucial time in the battery industry," remarked Dr. Dan Steingart. "Having observed the company's remarkable progress to date, I believe that FREYR is uniquely positioned to scale a cost-effective battery technology as demand for clean energy storage and mobility accelerates. I have long admired the operating team and am proud to be aiding them on their journey."

As previously announced, Jason Forcier joined FREYR's Board of Directors on December 21, 2022. Mr. Forcier currently serves as Chief Executive Officer of SVP Worldwide. Mr. Forcier's previous experience includes positions as Chief Operations Officer and other senior manufacturing, supply chain and quality roles at Vertiv Holdings Co from 2017 to 2022; and eight years at A123 Systems, a global manufacturer of lithium-ion batteries, where he was the Chief Executive Officer from 2013 until 2017 and member of the board of management.

"Jason's experience leading and establishing manufacturing operations in the lithium-ion battery and other industries will be invaluable to FREYR as we commence production in Norway and the U.S.," remarked Sjøtveit. "We are delighted to welcome Jason and his unique skill set to our Board of Directors, and we look forward to his contributions as we establish giga scale production of clean, next-generation batteries."

1 \| News Release \| FREYR Battery \| www.freyrbattery.com/news

1728856.02-LONSR01A - MSW

![](ex99-1_001.jpg)

Mr. Forcier's appointment to the Board of Directors coincided with Jon Christian Thaulow notifying FREYR's Board of Directors of his intention to tender his resignation as a director of the Company effective December 21, 2022.

As announced by the Company on December 23, 2022, Jeremy Bezdek joined FREYR as the Company's Executive Vice President of Global Corporate Development and President of FREYR Battery U.S. Mr. Bezdek joined FREYR from his prior position of Managing Director, Strategic Platforms at Koch Industries. Prior to joining FREYR, Mr. Bezdek spent over 26 years with Koch Industries companies in a variety of executive and leadership roles. On January 8, 2023, he notified FREYR's Board of Directors that he will be tendering his resignation as a director of the Company and as a member and chairperson of its Compensation Committee as he assumes his new responsibilities at FREYR.

"On behalf of the FREYR Board of Directors - Peter Matrai, Olaug Svarva, Mimi Berdal, Daniel Barcelo, and Monica Tiúba, we thank Jon Christian and Jeremy for their enormous contributions to the Company during a pivotal stage in FREYR's journey," added Sjøtveit. "Their counsel and dedication have been instrumental to FREYR's commercial and industrial development, and we are grateful for the privilege it has been to serve with them."

**\*\*\***

2 \| News Release \| FREYR Battery \| www.freyrbattery.com/news

1728856.02-LONSR01A - MSW

![](ex99-1_001.jpg)

**About FREYR Battery**

FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR's mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland, and the United States. FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030. To learn more about FREYR, please visit www.freyrbattery.com

**Investor contact:**

Jeffrey Spittel

Vice President, Investor Relations

jeffrey.spittel@freyrbattery.com

Tel: (+1) 281-222-0161

**Media contact:**

<br> Katrin Berntsen

Vice President, Communication and Public Affairs<br> katrin.berntsen@freyrbattery.com<br> Tel: (+47) 920 54 570

**Cautionary Statement Concerning Forward-Looking Statements**

All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding FREYR's growth as a global industrial partner of choice in the clean battery space, FREYR's position to industrialize a next-generation technology as demand for clean energy storage and mobility accelerates, and the establishment of giga scale production of clean, next-generation batteries are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Most of these factors are outside FREYR's control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the "Risk Factors" section in (i) FREYR's Registration Statement on Form S-3 filed with the Securities and Exchange Commission (the "SEC") on September 1, 2022, as amended, and (ii) FREYR's annual report on Form 10-K filed with the SEC on March 9, 2022, and available on the SEC's website at **www.sec.gov**.

3 \| News Release \| FREYR Battery \| www.freyrbattery.com/news

1728856.02-LONSR01A - MSW