Solid power merger

When will solid power & DCRC complete a merger?

The boards of directors of both Solid Power and DCRC have approved the proposed transaction, which is expected to be completed in the fourth quarter of 2021, subject to, among other things, the approval by DCRC's stockholders and satisfaction or waiver of the other conditions stated in the definitive documentation.

What is solid power?

Solid Power is an industry-leading developer of all-solid-state rechargeable battery cells for electric vehicles and mobile power markets. Solid Power replaces the flammable liquid electrolyte in a conventional lithium-ion battery with a proprietary sulfide-based solid electrolyte.

When will solid power (SLDP) & sldpw trade on the NASDAQ Global Select market?

The combined company will retain the Solid Power, Inc. name and its common stock and warrants are expected to commence trading on the Nasdaq Global Select Market under the ticker symbols “SLDP” and “SLDPW,” respectively, on December 9, 2021.

Who are solid power's investors?

We are extremely grateful to both the Company's existing investors – which includes a leading roster of automotive, industrial and financial investors such as Ford, BMW, Hyundai, Samsung and Volta Energy Technologies – and this management team for their partnership and look forward to bringing Solid Power to the public markets."

How much is solid power worth?

Ford and the BMW Group also expanded existing joint development agreements with Solid Power to secure all-solid-state batteries for future electric vehicles. The business combination values Solid Power at an implied $1.2 billion pro forma enterprise value.

Is solid power a good battery company?

No other known company has made the type of commercialization achievements in all-solid-state batteries that Solid Power has, and Solid Power's technology is built around a manufacturing process that would be indistinguishable to lithium-ion batteries, putting this Company in a league of its own.