Investing.com -- Solid Power Inc (NASDAQ:SLDP) stock fell 6.6% Wednesday after the solid-state battery technology developer announced a registered direct offering expected to raise approximately $130 million in gross proceeds.
The Colorado-based company has entered into a securities purchase agreement with a single sector-focused institutional investor for the sale of 17 million shares of common stock, pre-funded warrants to purchase 5.8 million shares, and common warrants to purchase up to 45.6 million shares.
The offering is priced at $5.70 per share of common stock with accompanying warrants, and $5.699 per pre-funded warrant with accompanying warrants. The common warrants will be immediately exercisable at $7.25 per share and will expire 7 years from issuance.
Solid Power intends to use the proceeds for working capital and general corporate purposes in its development of next-generation batteries. The company reported approximately $336.5 million in total liquidity as of December 31, 2025.
J.P. Morgan Securities LLC and A.G.P./Alliance Global Partners are serving as placement agents for the offering, which is expected to close around January 29, 2026, subject to customary closing conditions.
As of December 31, 2025, Solid Power had approximately 201.2 million shares of common stock outstanding.
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