Solid Power, Inc. Enters Material Definitive Agreement
Ticker: SLDPW · Form: 8-K · Filed: Jan 24, 2025 · CIK: 1844862
| Field | Detail |
|---|---|
| Company | Solid Power, Inc. (SLDPW) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50, $50 million, $60 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, corporate-update
Related Tickers: SLDP
TL;DR
Solid Power (SLDP) signed a big deal on Jan 21st. Details to come.
AI Summary
On January 21, 2025, Solid Power, Inc. entered into a material definitive agreement. The company, formerly known as Decarbonization Plus Acquisition Corp III, is incorporated in Delaware and headquartered in Louisville, Colorado.
Why It Matters
This filing indicates a significant new contract or partnership for Solid Power, Inc., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements can introduce new risks and opportunities, the full impact of which is not yet clear.
Key Players & Entities
- Solid Power, Inc. (company) — Registrant
- January 21, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Louisville, Colorado (location) — Principal executive address
- Decarbonization Plus Acquisition Corp III (company) — Former company name
FAQ
What is the nature of the material definitive agreement entered into by Solid Power, Inc. on January 21, 2025?
The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on January 21, 2025.
What was Solid Power, Inc.'s former name?
Solid Power, Inc.'s former name was Decarbonization Plus Acquisition Corp III.
In which state is Solid Power, Inc. incorporated?
Solid Power, Inc. is incorporated in Delaware.
Where is Solid Power, Inc.'s principal executive office located?
Solid Power, Inc.'s principal executive office is located at 486 S. Pierce Avenue, Suite E, Louisville, Colorado 80027.
What is the Commission File Number for Solid Power, Inc.?
The Commission File Number for Solid Power, Inc. is 001-40284.
Filing Stats: 596 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2025-01-24 17:15:28
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
- $50 million — ovide the Company with funding of up to $50 million for the Company's installation of equip
- $60 million — ation under the Assistance Agreement is $60 million. The Company is subject to certain repo
Filing Documents
- tm254269d1_8k.htm (8-K) — 31KB
- tm254269d1_ex10-1.htm (EX-10.1) — 1801KB
- tm254269d1_ex10-1sp1img01.jpg (GRAPHIC) — 331KB
- tm254269d1_ex10-1sp1img02.jpg (GRAPHIC) — 233KB
- tm254269d1_ex10-1sp1img03.jpg (GRAPHIC) — 32KB
- tm254269d1_ex10-1img001.jpg (GRAPHIC) — 9KB
- tm254269d1_ex10-1sp06img001.jpg (GRAPHIC) — 9KB
- tm254269d1_ex10-1sp06img002.jpg (GRAPHIC) — 3KB
- tm254269d1_ex10-1sp701.jpg (GRAPHIC) — 4KB
- tm254269d1_8ksp8img001.jpg (GRAPHIC) — 10KB
- tm254269d1_ex10-1img002.jpg (GRAPHIC) — 11KB
- 0001104659-25-006039.txt ( ) — 3180KB
- sldp-20250121.xsd (EX-101.SCH) — 3KB
- sldp-20250121_def.xml (EX-101.DEF) — 26KB
- sldp-20250121_lab.xml (EX-101.LAB) — 36KB
- sldp-20250121_pre.xml (EX-101.PRE) — 25KB
- tm254269d1_8k_htm.xml (XML) — 5KB
01
Item 1.01 Entry into a Material Definitive Agreement. On January 21, 2025, Solid Power Operating, Inc., a wholly owned subsidiary of Solid Power, Inc. (collectively, the "Company"), and the United States Department of Energy (the "DOE") entered into an Assistance Agreement (the "Assistance Agreement"), with an effective date of January 1, 2025. The Assistance Agreement provides that the DOE will provide the Company with funding of up to $50 million for the Company's installation of equipment necessary for the continuous production of sulfide-based solid electrolyte material. The Company's cost share obligation under the Assistance Agreement is $60 million. The Company is subject to certain reporting requirements and compliance obligations under the Assistance Agreement, as set forth in more detail in the Assistance Agreement. The foregoing description of the Assistance Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement, 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 Assistance Agreement, dated January 1, 2025, between Solid Power Operating, Inc. and the U.S. Department of Energy. 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: January 24, 2025 SOLID POWER, INC. By: /s/ James Liebscher Name: James Liebscher Title: Chief Legal Officer and Secretary