Solid Power Inc (SLDP)

[TallTrader]

DCRC & Solid Power Battery (Ford/BMW involved)

https://www.solidpowerbattery.com/

- Merger with Riverstone Holdings LLC's Decarbonization Plus Acquisition Corporation III (NASDAQ: DCRC) constitutes significant milestone in commercialization of Solid Power's next generation all-solid-state batteries
- Ford and the BMW Group aim to utilize Solid Power's low-cost, high-energy battery technology in forthcoming electric vehicles
- Solid Power's balance sheet was recently bolstered following its approximately $135 million Series B Round, which is in addition to the $165 million PIPE and $350 million from DCRC's cash in trust, and assuming no redemptions by DCRC's public stockholders, Solid Power will receive upon closing, for a total amount raised of approximately $650 million
- Ford and BMW recently participated in previously announced approximately $135 million Series B financing in Solid Power
- Pro forma implied enterprise value of the combined company is approximately $1.2 billion
- Upon closing, the combined company is expected to list on NASDAQ under the ticker symbol "SLDP"


https://www.prnewswire.com/news-releases/solid-power-industry-leading-all-solid-state-battery-producer-to-list-on-nasdaq-through-merger-with-decarbonization-plus-acquisition-corporation-iii-301312135.html