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Decarbonization Plus Acquisition Corporation III (DCRC) announced that the SEC has declared effective its registration statement regarding the merger with Solid Power, an all-solid-state battery developer. A special meeting for DCRC stockholders to vote on the business combination is set for December 7, 2021. The DCRC Board recommends voting in favor of the transaction, which aims to enhance the combined company's position in the electric vehicle market. Stockholders are encouraged to vote by December 6, 2021, to ensure representation.
Solid Power and Decarbonization Plus Acquisition Corporation III (DCRC) have announced a definitive agreement for a business combination that will make Solid Power a publicly traded company under NASDAQ ticker SLDP. This merger values Solid Power at an implied pro forma enterprise value of $1.2 billion. With a total addressable market of nearly $220 billion, Solid Power is positioned for substantial growth. The company aims to revolutionize electric vehicle batteries, offering a range of up to 500 miles on a single charge, outperforming current lithium-ion technologies.
