Solid Power Files 8-K with Material Agreement Details
Ticker: SLDPW · Form: 8-K · Filed: Oct 1, 2024 · CIK: 1844862
| Field | Detail |
|---|---|
| Company | Solid Power, Inc. (SLDPW) |
| Form Type | 8-K |
| Filed Date | Oct 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financials, filing
Related Tickers: SLDP
TL;DR
Solid Power (SLDP) filed an 8-K on 9/30/24 detailing a material agreement. Check financials.
AI Summary
On September 30, 2024, Solid Power, Inc. filed an 8-K report detailing a material definitive agreement. The filing also includes financial statements and exhibits, with the report being publicly available as of October 1, 2024. Solid Power, Inc. is incorporated in Delaware and its fiscal year ends on December 31.
Why It Matters
This filing provides crucial updates on significant agreements and financial information for Solid Power, Inc., which could impact investor understanding of the company's current operational and financial standing.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may not be fully understood until further details are disclosed.
Key Numbers
- 001-40284 — SEC File Number (Identifies the company's filing with the SEC.)
- 86-1888095 — IRS Employer Identification Number (Company's tax identification number.)
Key Players & Entities
- Solid Power, Inc. (company) — Registrant
- September 30, 2024 (date) — Date of earliest event reported
- October 1, 2024 (date) — Date filed
- Delaware (jurisdiction) — State of incorporation
- Decarbonization Plus Acquisition Corp III (company) — Former company name
FAQ
What is the nature of the material definitive agreement filed on September 30, 2024?
The filing indicates an 'Entry into a Material Definitive Agreement' as an item of disclosure, but the specific details of the agreement are not provided in this excerpt.
What financial information is included in this 8-K filing?
The filing explicitly states 'Financial Statements and Exhibits' are included, suggesting a review of the company's financial health and related documentation.
When was Solid Power, Inc. incorporated, and what is its fiscal year end?
Solid Power, Inc. was incorporated in Delaware, and its fiscal year ends on December 31.
What was Solid Power, Inc.'s former company name?
Solid Power, Inc.'s former company name was Decarbonization Plus Acquisition Corp III, with a date of name change on February 8, 2021.
What is the principal executive address of Solid Power, Inc.?
The principal executive address is 486 S. Pierce Avenue, Suite E, Louisville, Colorado, 80027.
Filing Stats: 676 words · 3 min read · ~2 pages · Grade level 10.3 · Accepted 2024-10-01 06:10:07
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
Filing Documents
- tm2424941d1_8k.htm (8-K) — 30KB
- tm2424941d1_ex10-1.htm (EX-10.1) — 68KB
- 0001104659-24-104574.txt ( ) — 321KB
- sldp-20240930.xsd (EX-101.SCH) — 3KB
- sldp-20240930_def.xml (EX-101.DEF) — 26KB
- sldp-20240930_lab.xml (EX-101.LAB) — 36KB
- sldp-20240930_pre.xml (EX-101.PRE) — 25KB
- tm2424941d1_8k_htm.xml (XML) — 5KB
01
Item 1.01 Entry into a Material Definitive Agreement. On September 30, 2024, Solid Power Operating, Inc., a wholly owned subsidiary of Solid Power, Inc. (collectively, the "Company"), and BMW of North America, LLC ("BMW") entered into Amendment No. 6 to Joint Development Agreement ("Amendment No. 6"). The Company and BMW previously entered into a Joint Development Agreement, dated July 1, 2017 (as amended, the "JDA"). Pursuant to the terms of Amendment No. 6, the Company and BMW agreed to (i) extend the term of the JDA until the Company hits certain development milestones; provided that BMW will have termination rights in certain circumstances beginning on December 31, 2025, and (ii) revise certain deliverables and the timing to achieve various milestones and development targets and confirm cell performance requirements. BMW Holding B.V., an affiliate of BMW, has the right to nominate a director for election to the Company's board of directors (the "Board") as well as the right to designate an individual to attend meetings of the Board and its committees in a non-voting, observer capacity. The foregoing description of Amendment No. 6 is qualified in its entirety by the full text of Amendment No. 6, 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 Amendment No. 6 to Joint Development Agreement, effective September 30, 2024, between Solid Power Operating, Inc. and BMW of North America, LLC. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Certain portions of this exhibit have been omitted in accordance with Regulation S-K Item 601. The Company agrees to furnish an unredacted copy of the exhibit to the SEC upon request. 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: October 1, 2024 SOLID POWER, INC. By: /s/ James Liebscher Name: James Liebscher Title: Chief Legal Officer and Secretary