Ford Discloses 6.2% Stake in Solid Power, Holds 11.6M Shares

TL;DR

**Ford still owns a big chunk of Solid Power, signaling continued EV battery tech interest.**

AI Summary

Ford Motor Company, a major automotive manufacturer, filed an amended SC 13G/A on February 9, 2024, disclosing its beneficial ownership in Solid Power, Inc. As of December 31, 2023, Ford holds 11,632,901 shares of Solid Power's common stock, representing 6.2% of the company. This filing indicates Ford's continued significant, though slightly reduced, strategic investment in Solid Power, a developer of solid-state battery technology, which is crucial for the future of electric vehicles. For investors, this shows Ford's ongoing commitment to its battery supply chain and its belief in Solid Power's technology, which could impact Solid Power's stock valuation and future growth prospects.

Why It Matters

This filing confirms Ford's continued strategic investment in Solid Power, a key player in next-generation battery technology, which is vital for Ford's electric vehicle ambitions and Solid Power's future development.

Risk Assessment

Risk Level: low — This filing is an update on a passive investment, indicating no immediate significant risk or change in strategy.

Analyst Insight

A smart investor in Solid Power might view this as a positive signal of continued strategic backing from a major automaker, potentially indicating long-term viability and future collaboration opportunities. It reinforces the investment thesis for Solid Power's technology.

Key Numbers

• 11,632,901 — Shares Beneficially Owned (Represents Ford's direct investment in Solid Power, indicating a significant stake.)
• 6.2% — Percentage of Class (Shows Ford's influence and commitment to Solid Power's future, though it's a passive investment.)
• December 31, 2023 — Date of Event (The snapshot date for the reported ownership, providing a clear reference point for the disclosed stake.)

Key Players & Entities

• Ford Motor Company (company) — the reporting person and investor
• Solid Power, Inc. (company) — the subject company in which Ford holds shares
• 11,632,901 (dollar_amount) — number of shares beneficially owned by Ford
• 6.2% (dollar_amount) — percentage of Solid Power's common stock owned by Ford
• December 31, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Ford will continue its strategic partnership with Solid Power, potentially increasing its stake or collaborating on battery development. (Solid Power, Inc.) — medium confidence, target: 2025-12-31
• Solid Power's stock price will be positively influenced by Ford's continued investment, signaling confidence in its technology. (Solid Power, Inc.) — medium confidence, target: 2024-06-30

FAQ

Key Financial Figures

• $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• tm244408d1_sc13ga.htm (SC 13G/A) — 43KB
• tm244408d1_ex99-a.htm (EX-99.A) — 6KB
• 0001104659-24-012951.txt ( ) — 52KB

From the Filing

SC 13G/A 1 tm244408d1_sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Solid Power, Inc. (Name of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securities) (83422N105) (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in 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 CUSIP No. 83422N105 1. Names of Reporting Persons Ford Motor Company 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨ 3. SEC Use Only 4. Citizenship or Place of Organization Delaware, United States Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 11,632,901 6. Shared Voting Power 0 7. Sole Dispositive Power 11,632,901 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 11,632,901 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 6.52% * 12. Type of Reporting Person (See Instructions) CO * Based on 178,437,367 shares of Common Stock outstanding as of November 6, 2023, as reported in Solid Power,Inc.’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 filed with the Securities and ExchangeCommission on November 8, 2023. 2 Item 1. (a) Name of Issuer Solid Power, Inc. (b) Address of Issuer’s Principal Executive Offices 486 S. Pierce Avenue, Suite E, Louisville, Colorado 80027 Item 2. (a) Name of Person Filing Ford Motor Company (b) Address of Principal Business Office or, if none, Residence One American Road, Dearborn, Michigan 48126 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock, par value $0.0001 per share (e) CUSIP Number 83422N105 Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J); (k) Group, in accordance with § 240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J), please specify the type of institution:____________________________ 3 Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 11,632,901 (b) Percent of class: 6.52% * (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 11,632,901 (ii) Shared power to vote or to direct the vote 0 (iii) Sole power to dispose or to direct the disposition of 11,632,901 (iv) Shared power to dispose or to direct the disposition of 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following . Item 6. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person Not applicable. Item 8. Identification and Classification of Members of the Group Not applicable. Item 9. Notice

View Full Filing

View this SC 13G/A filing on SEC EDGAR