2022-12-09:

Bonitas Research published on FREYR Battery (NYSE: FREY — $1.53 billion), a clean battery solutions company. Bonitas found that the land for the company’s new “ESG friendly” battery site in Norway is owned by company insiders and related parties, drawing into question the company’s governance. Bonitas concluded,

“FREYR is a pre-revenue company that continues to invest heavily in land secretly owned by FREYR insiders with no discernable proprietary technology that (somehow) obtained a US$2 billion valuation using a SPAC merger in 2021.”

2023-04-17 Mon 11:53 AM #

Still probably a fraud, basically stock went right up after the report, but has come back down again.

Last updated: 2026-03-07 by automated standardization process