Shares of FREYR Battery (FREY) are falling more than 10% Thursday morning at $12.28.
The company today priced its upsized public offering of 20 million shares at $11.5 per share.
Gross proceeds from the offering are expected to be $230 million, which FREYR intends to use for the continued construction of Giga Arctic facilities, development expenditures for Giga America and general corporate purposes.
FREY has traded in the range of $6.42- $16.94 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.