Management Change/Compensation Form 8 K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Termination of Employment of Chief Operating Officer

On November 7, 2024, FREYR Battery, Inc., a Delaware corporation (the "Company"), notified Michael Brose, Chief Operating Officer ("COO"), that his employment with the Company terminated effective on the same date. As previously disclosed by the Company on November 6, 2024, the board of directors of the Company appointed David Gustafson as the incoming COO effective as of, and subject to, the closing of its recent transaction with Trina Solar (Schweiz) AG, which it announced on the same date.