UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 26, 2025
Solid Power, Inc.
(Exact Name of Registrant as Specified in Charter)
| Delaware | 001-40284 | 86-1888095 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
|
486 S. Pierce Avenue, Suite E Louisville, Colorado |
80027 | |
| (Address of principal executive offices) | (Zip code) |
(303) 219-0720
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) |
Name of each exchange on which registered |
||
| Common stock, par value $0.0001 per share | SLDP | The Nasdaq Stock Market LLC | ||
| Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 | SLDPW | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 1.01 | Entry into a Material Definitive Agreement. |
On May 26, 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 Amendment to Assistance Agreement Award No. DE-MS0000122 (the “Amendment”), with an effective date of May 15, 2025. The Company and the DOE previously entered into an Assistance Agreement, with an effective date of January 1, 2025. The Amendment provides that, in discharge of its oversight and administration responsibilities, the DOE will submit periodic data requests to the Company. The Company must provide timely and complete responses to such data requests and any follow-up questions from the DOE.
The foregoing description of the Amendment 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.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
See the Exhibit index below, which is incorporated herein by reference.
| Exhibit No. |
Description | |
| 10.1 | Amendment to Assistance Agreement Award No. DE-MS0000122, dated May 15, 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: May 30, 2025
| SOLID POWER, INC. | ||
| By: | /s/ Linda Heller | |
| Name: Linda Heller | ||
| Title: Chief Financial Officer, Treasurer, and Secretary | ||
Exhibit 10.1
Amendment to Assistance Agreement Award No. DE-MS0000122
Pursuant to the May 15, 2025 Policy issued by the Department of Energy (DOE) Ensuring Responsibility for Financial Assistance, your award is hereby amended, effectively as of May 15, 2025, to add the following provision:
Information Requests from DOE
Periodically, in discharge of its oversight and administration responsibilities, including but not limited to, the review described in DOE's May 15, 2025 Policy: Ensuring Responsibility for Financial Assistance, DOE will submit data requests. The Data Request will set forth requests for documents or information, or both, regarding topics relevant to the project and the awardee or subawardees. You must provide full responses to these Data Requests within the time frame set forth in the Data Requests. DOE may also have and submit follow up questions or Data Requests and you must provide complete responses to any such follow-up questions within the time frames set forth in the follow up questions or Data Requests.
DOE will treat all your responses as confidential. The documents and information provided in response to DOE's Data Requests, as well as responsive documents and information you have previously provided to DOE, will be shared within DOE, and its advisors, only to the extent required to facilitate DOE's reviews, award management and oversight (with the exception of National and Economic Security related data that may be shared with other governmental entities).
If you fail to respond to Data Requests within the timeframe for response provided in the Data Requests, fail to respond to follow-up questions in a timely manner, or provide incomplete or inaccurate responses, DOE may treat such failure or refusal as grounds for termination of your award or may withhold funding under the award for non-compliance.
| /s/ Berta Schreiber | 05/15/2025 | |
| U.S. Department of Energy | Date | |
| Berta Schreiber | ||
| /s/ John Van Scoter | 05/26/2025 | |
| Recipient/Awardee (Signature) | Date | |
| John Van Scoter, President and Chief Executive Officer for Solid Power Operating, Inc. | ||
| Recipient/Awardee (Print Name) |