Freyr Battery announces sale of 20 million shares to raise capital for its Georgia gigafactory (and other manufacturing expansion)
Yesterday, shares of clean energy battery startup Freyr Battery (FREY) rumbled 12.01% on news that the company would sell 20 million new shares to raise capital for its planned battery factories in Norway and (newly announced) Georgia. Today, December 2, traders and investors have done a bit of rethinking and bid the stock up 3.91% as of the close.
