The Board of Directors of Morrow Batteries proposes to raise up to EUR 70 million in new capital from its owners
The Board of Directors of Morrow Batteries ASA ("Morrow") proposes to the company's extraordinary general meeting (EGM) that the company raises up to EUR 70 million in new equity (approximately NOK 800 million). The proceeds will be used to continue the development of next-generation sustainable batteries and strengthen the investment in the industrial park in Arendal, Southern Norway.
Morrow Batteries becomes a public limited company and announces two members of Board of Directors
The conversion from AS to ASA has been formally registered, and the battery company will now go under Morrow Batteries ASA. Following the new shareholders from June 2022 and changeover, two new executives from ABB and Siemens joined the board.
On 31 October 2022, the general meeting of Morrow Batteries AS (Morrow) resolved to convert the company from a private limited liability company (AS) to