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 Accounting Officer

On December 11, 2024, FREYR Battery, Inc., a Delaware corporation (the "Company"), notified Lori A. Papp, Chief Accounting Officer, that her employment with the Company will terminate, effective upon the completion of her garden leave as agreed with the Company.

Evan Calio, the Company's Chief Financial Officer, will also act as the Company's Principal Accounting Officer.