<SEC-DOCUMENT>0000921895-24-003057.txt : 20241231
<SEC-HEADER>0000921895-24-003057.hdr.sgml : 20241231
<ACCEPTANCE-DATETIME>20241231163610
ACCESSION NUMBER:		0000921895-24-003057
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20241223
FILED AS OF DATE:		20241231
DATE AS OF CHANGE:		20241231

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Encompass Capital Advisors LLC
		CENTRAL INDEX KEY:			0001541901
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41903
		FILM NUMBER:		241593435

	BUSINESS ADDRESS:	
		STREET 1:		200 PARK AVENUE, 16TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
		BUSINESS PHONE:		646-351-8452

	MAIL ADDRESS:	
		STREET 1:		200 PARK AVENUE, 16TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Encompass Capital Partners LLC
		CENTRAL INDEX KEY:			0002050318
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41903
		FILM NUMBER:		241593433

	BUSINESS ADDRESS:	
		STREET 1:		C/O ENCOMPASS CAPITAL ADVISORS LLC
		STREET 2:		200 PARK AVENUE, 16TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
		BUSINESS PHONE:		(646) 351-8450

	MAIL ADDRESS:	
		STREET 1:		C/O ENCOMPASS CAPITAL ADVISORS LLC
		STREET 2:		200 PARK AVENUE, 16TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Kantor Todd J.
		CENTRAL INDEX KEY:			0002021082
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41903
		FILM NUMBER:		241593434

	MAIL ADDRESS:	
		STREET 1:		6&8 EAST COURT SQUARE
		STREET 2:		SUITE 300
		CITY:			NEWNAN
		STATE:			GA
		ZIP:			30263

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FREYR Battery, Inc. /DE/
		CENTRAL INDEX KEY:			0001992243
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPONENTS & ACCESSORIES [3670]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				933205861
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		6&8 EAST COURT SQUARE
		STREET 2:		SUITE 300
		CITY:			NEWNAN
		STATE:			GA
		ZIP:			30263
		BUSINESS PHONE:		678-632-3112

	MAIL ADDRESS:	
		STREET 1:		6&8 EAST COURT SQUARE
		STREET 2:		SUITE 300
		CITY:			NEWNAN
		STATE:			GA
		ZIP:			30263
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>form4a09900010_12312024.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2024-12-23</periodOfReport>

    <dateOfOriginalSubmission>2024-12-27</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001992243</issuerCik>
        <issuerName>FREYR Battery, Inc. /DE/</issuerName>
        <issuerTradingSymbol>FREY</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001541901</rptOwnerCik>
            <rptOwnerName>Encompass Capital Advisors LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>200 PARK AVENUE, 16TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10166</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002021082</rptOwnerCik>
            <rptOwnerName>Kantor Todd J.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>6&amp;8 EAST COURT SQUARE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 300</rptOwnerStreet2>
            <rptOwnerCity>NEWNAN</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30263</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002050318</rptOwnerCik>
            <rptOwnerName>Encompass Capital Partners LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O ENCOMPASS CAPITAL ADVISORS LLC</rptOwnerStreet1>
            <rptOwnerStreet2>200 PARK AVENUE, 16TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10166</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Convertible Preferred Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>2.50</value>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2024-12-23</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>5000000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>10.0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2027-12-23</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>20000000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5000000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">This Form 4/A is filed jointly by Todd Kantor, Encompass Capital Advisors LLC (&quot;ECA&quot;) and Encompass Capital Partners LLC (&quot;ECP&quot; and, together with Mr. Kantor and ECA, collectively, the &quot;Reporting Persons&quot;). Each of the Reporting Persons is a member of a Section 13(d) group. Each of the Reporting Persons disclaims beneficial ownership of the securities of the Issuer owned directly by other members of the Section 13(d) group and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of such securities for purposes of Section 16 or for any other purpose. Further, each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein.</footnote>
        <footnote id="F2">Each share of Series A Convertible Preferred Stock, par value $0.01 per share (&quot;Preferred Stock&quot;) is convertible at any time after December 23, 2025 into a number of shares of common stock of the Issuer (&quot;Common Stock&quot;) equal to the sum of the issue price ($10.00) plus any accrued but unpaid dividends divided by the conversion price (initially $2.50, but subject to adjustment to $1.79 in the event the Issuer elects not to issue the Second Tranche on the date that the Issuer proceeds with its final investment decision with respect to the TUM 2 facility, as defined in the certificate of designations of the Preferred Stock (the &quot;Certificate&quot;)). The Certificate prohibits conversion to the extent that the holder would beneficially own in excess of 19.99% of the number of shares of Common Stock outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon conversion of Preferred Stock.</footnote>
    </footnotes>

    <remarks>For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons may each be deemed to be a director by deputization of the Issuer.
This amendment is being filed to include ECP as an official Reporting Person following the receipt of its edgar codes.</remarks>

    <ownerSignature>
        <signatureName>/s/ Encompass Capital Advisors LLC, By: /s/ Todd J. Kantor, its Managing Member</signatureName>
        <signatureDate>2024-12-31</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Todd J. Kantor</signatureName>
        <signatureDate>2024-12-31</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Encompass Capital Partners LLC, By: /s/ Todd J. Kantor, its Managing Member</signatureName>
        <signatureDate>2024-12-31</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
