other material
confidence high
sentiment neutral
materiality 0.50
FREYR terminates 24M license agreements; pays $3M, forfeits 6.98M preferred shares
T1 Energy Inc.
- Terminated license and services agreements with 24M Technologies dated Dec 2020 and Oct 2021.
- FREYR will pay 24M $3.0M as consideration for services and related activities.
- FREYR and affiliates forfeit all rights to 6,975,956 shares of 24M Series G preferred stock.
- Parties granted mutual releases from all obligations under the terminated agreements.