SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

FREYR Battery, Inc.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

35834F104

(CUSIP Number)

Koch, Inc.
Attn: Raffaele G. Fazio, 4111 East 37th Street North
Wichita, KS, 67220
(316) 828-8310

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

01/03/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Checkbox not checked

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No.

35834F104

Name of reporting person

Wood River Capital, LLC

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

SEC use only

Source of funds (See Instructions)

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 7,167,835.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 7,167,835.00
10	Shared Dispositive Power 0.00

Aggregate amount beneficially owned by each reporting person

7,167,835.00

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in Row (11)

4.6 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person:

The percentage reflected in row 13 in the table above is calculated using 155,928,253 shares of common stock, par value $0.01 per share (the "Public Shares"), of FREYR Battery, Inc. (the "Issuer"), comprising (i) 140,490,406 Public Shares outstanding as of November 8, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on November 12, 2024, and (ii) an additional 15,437,847 Public Shares issued in connection with the transaction reported in the Issuer's Current Report on Form 8-K filed with the SEC on December 27, 2024.

SCHEDULE 13D

CUSIP No.

35834F104

Name of reporting person

Koch, Inc.

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

SEC use only

Source of funds (See Instructions)

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

Citizenship or place of organization

KANSAS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 7,167,835.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 7,167,835.00
10	Shared Dispositive Power 0.00

Aggregate amount beneficially owned by each reporting person

7,167,835.00

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in Row (11)

4.6 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person:

The amounts reported in rows 7, 9 and 11 in the table above represent 7,167,835 Public Shares held by Wood River Capital, LLC ("Wood River"). These securities may be deemed to be beneficially owned by Koch, Inc. by virtue of Koch, Inc.'s indirect beneficial ownership of Wood River. The percentage reflected in row 13 in the table above is calculated using 155,928,253 Public Shares of the Issuer, comprising (i) 140,490,406 Public Shares outstanding as of November 8, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on November 12, 2024, and (ii) an additional 15,437,847 Public Shares issued in connection with the transaction reported in the Issuer's Current Report on Form 8-K filed with the SEC on December 27, 2024.

SCHEDULE 13D

Item 1.

Security and Issuer

(a)

Title of Class of Securities:

Common Stock, $0.01 par value

(b)

Name of Issuer:

FREYR Battery, Inc.

(c)

Address of Issuer's Principal Executive Offices:

6&8 East Court Square, Suite 300, Newnan, GEORGIA , 30263.

Item 1 Comment:

EXPLANATORY NOTE - This Schedule 13D is intended to serve as Amendment No. 5 to the Statement on Schedule 13D (this "Amendment No. 5") related to the common stock, par value $0.01 per share (the "Public Shares"), of FREYR Battery, Inc., a Delaware corporation (the "Issuer"), and amends the initial statement on Schedule 13D filed by certain of the Reporting Persons (as defined below) on July 19, 2021, as amended and restated by Amendment No. 3 thereto filed on August 5, 2024, as further amended by Amendment No. 4 thereto filed on December 31, 2024 (as so amended, the "Initial Schedule 13D", and as further amended by this Amendment No. 5, the "Schedule 13D"). Except as specifically provided herein, this Amendment No. 5 does not modify any of the information previously reported in the Initial Schedule 13D. Capitalized terms used but not defined in this Amendment No. 5 shall have the same meanings herein as are ascribed to such terms in the Initial Schedule 13D. This Amendment No. 5 is jointly filed by Wood River Capital, LLC ("Wood River"), SCC Holdings, LLC ("SCC"), KIM, LLC ("KIM"), Koch Investments Group, LLC ("KIG"), Koch Investments Group Holdings, LLC ("KIGH"), Koch Companies, LLC ("KCLLC"), and Koch, Inc. (each a "Reporting Person," and collectively, the "Reporting Persons"). The information contained in the Schedule 13D shall not be construed as an admission that any of SCC, KIM, KIG, KIGH, KCLLC, or Koch, Inc. is for purposes of Section 13(d) or 13(g) of the Exchange Act, the beneficial owner of any Public Shares covered by the Schedule 13D.

Item 5.

Interest in Securities of the Issuer

(a)

Item 5(a) of the Initial Schedule 13D is amended as follows: As of the date hereof, the Reporting Persons hold 7,167,835 Public Shares, representing approximately 4.60% of the outstanding Public Shares. The percentage of the outstanding Public Shares held by the Reporting Persons is calculated using 155,928,253 Public Shares of the Issuer, comprising (i) 140,490,406 Public Shares outstanding as of November 8, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on November 12, 2024, and (ii) an additional 15,437,847 Public Shares issued in connection with the transaction reported in the Issuer's Current Report on Form 8-K filed with the SEC on December 27, 2024.

(b)

Item 5(b) of the Initial Schedule 13D is amended as follows: As of the date hereof, the Reporting Persons possess sole power to vote or to direct the vote and sole power to dispose or to direct the disposition of the 7,167,835 Public Shares reported in the Schedule 13D.

(c)

Item 5(c) of the Initial Schedule 13D is amended as follows: Except as set forth in this Schedule 13D Amendment, no transactions in the Public Shares were effected by the Reporting Persons, or, to the knowledge of the Reporting Persons, any of the persons listed on Schedule A hereto in the 60 days preceding the date of Amendment No. 5. On November 7, 2024, the Reporting Persons sold 31,660 Public Shares at a weighted average price per share of $2.36. On November 12, 2024, the Reporting Persons sold 16,860 Public Shares at a weighted average price per shaere of $2.36. On November 14, 2024, the Reporting Persons sold 571,616 Public Shares at a weighted average price per share of $2.37. On November 19, 2024, the Reporting Persons sold 207,412 Public Shares at a weighted average price per share of $2.36. On November 21, 2024, the Reporting Persons sold 522,452 Public Shares at a weighted average price per share of $2.45. On December 26, 2024, the Reporting Persons sold 50,000 Public Shares at a weighted average price per share of $3.01. On December 27, 2024, the Reporting Persons sold 450,000 Public Shares at a weighted average price per share of $2.97. On December 30, 2024, the Reporting Persons sold 600,000 Public Shares at a weighted average price per share of $2.72. On December 31, the Reporting Persons solid 60,329 Public Shares at a weighted average price per share of $2.58. On January 2, 2025, the Reporting Persons sold 800,000 Public Shares at a weighted average price per share of $2.74. On January 3, 2025, the Reporting Persons sold 800,000 Public Shares at a weighted average price per share of $2.86. On January 6, 2025, the Reporting Persons sold 221,836 Public Shares at a weighted average price per share of $2.66. The Reporting Persons undertake, upon request by the staff of the Securities and Exchange Commission, to provide full information regarding the number of Public Shares sold at each separate price. The transactions referenced in this Item 5(c) were conducted in the ordinary course of business on the open market for cash, and the purchase prices do not reflect brokerage commissions paid.

(d)

Item 5(d) of the Initial Schedule 13D is amended as follows: Except as described herein, to the knowledge of the Reporting Persons, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any Public Shares of the Issuer beneficially owned by the Reporting Persons as described in this Item 5.

(e)

As of January 3, 2025, the Reporting Persons have ceased to be the beneficial owners of more than five percent of the Public Shares. Accordingly, the filing of this Amendment No. 5 represents the final amendment to the Schedule 13D for the Reporting Persons and constitutes an exit filing for each Reporting Person.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Wood River Capital, LLC

Signature:	Raffaele G. Fazio
Name/Title:	Vice President and Secretary
Date:	01/07/2025

Koch, Inc.

Signature:	Raffaele G. Fazio
Name/Title:	Assistant Secretary
Date:	01/07/2025

Amendment: SEC Form SCHEDULE 13D/A filed by FREYR Battery Inc.