FREYR Battery Down 10% After Pricing Public Offering Of 20 Mln Shares

On:

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.

Source: Read Full Article

Lates News:
  1. MicroStrategy Splurges $150 Million On Bitcoin, Repays $205 Million Silvergate Loan At 22% Discount
  2. Bitcoin’s Explosive Growth Fueled by Banking Crisis, Says Crypto Analyst James Mullarney
  3. This Bitcoiner Just Paid a Whopping $500,000 In Transaction Fees for A 0.074 BTC Transfer
  4. First Republic Bank Shares Plunge; To Privately Place $125 Mln Of Shares
  5. Former BitMEX CEO Arthur Hayes On Why Bitcoin Price Has Likely Reached Bottom