FREYR Battery (Alussa Energy Acquisition) ^{Priced, NYSE: FREY}

We are a newly incorporated blank check company incorporated on June 13, 2019 as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. While we may pursue an acquisition opportunity in any industry or sector, we intend to focus on businesses that complement our management team’s expertise in the production, operation and development of crude oil and natural gas wells and related infrastructure, and to capitalize on the ability of our management team to source, screen, evaluate, negotiate, structure, close and manage acquisitions of energy assets or businesses globally. We will seek to acquire one or more businesses with an aggregate enterprise value of approximately $500 million to $1 billion.