ALUS Confirmed SPAC Merger
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Freyr will be by far the largest battery supplier in Europe.
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Freyr is producing a 43 GWh battery Cell.
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Freyr is creating batteries for use in electric vehicles, energy storage, marine and aviation.
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The SPAC merger will provide Freyr with $850 million in net proceeds.
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ALUS saw 13 million shares being traded on day 1.
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FREYR Battery will be more adopted due to all the new Green Energy laws around the world.
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FREY is an easy Buy Out Target due to the technology they possess.
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Oil and Gas prices are going up everywhere and Battery Costs are going down.
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QS went up to $132 a share from $10 and Freyr is a much better company.
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FREY has no debt.
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FREYβs projected 1.3 Billion Free Cash Flow.
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Frey will be profitable in 2023.
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Frey is slated for 33% Growth by 2024.
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Freyr is building the 1st of 10 factories in Northern Norway where 75% of new vehicle sales are are EVβs.