06:49 AM EST, 02/10/2025 (MT Newswires) -- FREYR Battery ( FREY ) said Monday it will move its global headquarters to Austin, Texas, and has signed a definitive deal to sell its site in Coweta County, Georgia to an undisclosed party for $50 million.

The company said the move will "geographically align" its workforce with the company's G1 solar module facility in Wilmer, Texas.

FREYR Battery ( FREY ) expects to close the sale of its Coweta County site on Saturday.