Solid Power, Inc. Files 8-K for Material Definitive Agreement
Ticker: SLDPW · Form: 8-K · Filed: Aug 21, 2024 · CIK: 1844862
| Field | Detail |
|---|---|
| Company | Solid Power, Inc. (SLDPW) |
| Form Type | 8-K |
| Filed Date | Aug 21, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50, $47,920 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
Related Tickers: SLDP
TL;DR
Solid Power (SLDP) signed a new material agreement on Aug 20th. Details in 8-K.
AI Summary
On August 20, 2024, Solid Power, Inc. entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. Solid Power, Inc. is incorporated in Delaware and its fiscal year ends on December 31.
Why It Matters
This filing indicates a significant new agreement for Solid Power, Inc., which could impact its future operations and financial performance in the solid-state battery sector.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks and opportunities that are not yet fully understood, requiring further analysis.
Key Players & Entities
- Solid Power, Inc. (company) — Registrant
- August 20, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-40284 (filing_id) — SEC File Number
- 86-1888095 (tax_id) — I.R.S. Employer Identification Number
- 486 S. Pierce Avenue, Suite E, Louisville, Colorado 80027 (address) — Principal executive office address
FAQ
What is the nature of the Material Definitive Agreement entered into by Solid Power, Inc. on August 20, 2024?
The filing indicates the entry into a Material Definitive Agreement, but the specific details of the agreement are not provided in the excerpt. The filing is an 8-K, which typically reports significant events.
What is Solid Power, Inc.'s fiscal year end?
Solid Power, Inc.'s fiscal year ends on December 31.
In which state is Solid Power, Inc. incorporated?
Solid Power, Inc. is incorporated in Delaware.
What is the SEC File Number for Solid Power, Inc.'s 8-K filing?
The SEC File Number for Solid Power, Inc. is 001-40284.
What is the principal executive office address for Solid Power, Inc.?
The principal executive office address for Solid Power, Inc. is 486 S. Pierce Avenue, Suite E, Louisville, Colorado 80027.
Filing Stats: 663 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2024-08-21 16:08:54
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share SLDP The Nasdaq Stock Mar
- $11.50 — of common stock at an exercise price of $11.50 SLDPW The Nasdaq Stock Market LLC
- $47,920 — monthly rent payments of approximately $47,920, commencing on the Expansion Date until
Filing Documents
- tm2422162d1_8k.htm (8-K) — 31KB
- tm2422162d1_ex10-1.htm (EX-10.1) — 57KB
- 0001104659-24-091609.txt ( ) — 313KB
- sldp-20240820.xsd (EX-101.SCH) — 3KB
- sldp-20240820_def.xml (EX-101.DEF) — 26KB
- sldp-20240820_lab.xml (EX-101.LAB) — 36KB
- sldp-20240820_pre.xml (EX-101.PRE) — 25KB
- tm2422162d1_8k_htm.xml (XML) — 5KB
01
Item 1.01 Entry into a Material Definitive Agreement. On August 20, 2024, Solid Power Operating, Inc., a wholly owned subsidiary of Solid Power, Inc. (collectively, the "Company"), and Red Pierce, LLC (the "Landlord") entered into a Third Amendment to Lease (the "Third Amendment"). The Company and Landlord previously entered into a Lease Agreement, dated November 29, 2016 (as previously amended, the "Original Lease" and, as amended by the Third Amendment, the "Master Lease"). Under the Third Amendment, upon the earlier of January 1, 2025 or the Landlord's completion of a demising wall (the "Expansion Date"), the Company will lease an additional 9,600 square feet, resulting in the Company leasing approximately 38,400 square feet at at a facility in Louisville, Colorado ("SP1"). In addition, the term of the Master Lease is extended until December 31, 2029, and the Company will be obligated to make monthly rent payments of approximately $47,920, commencing on the Expansion Date until September 6, 2025, subject to yearly increases as specified in the Third Amendment. SP1 will continue to serve as the Company's corporate headquarters, and the Company intends to continue using SP1 primarily for pilot cell production, research and development, and quality control purposes. The foregoing description of the Third Amendment is qualified in its entirety by the full text of the Third Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K, and incorporated herein by reference
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. See the Exhibit index below, which is incorporated herein by reference. Exhibit No. Description 10.1 Third Amendment to Lease, dated August 20, 2024, between Solid Power Operating, Inc. and Red Pierce, LLC. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Dated: August 21, 2024 SOLID POWER, INC. By: /s/ James Liebscher Name: James Liebscher Title: Chief Legal Officer and Secretary