The solid-state battery maker will get a Nasdaq listing through the deal, which follows $161m in funding from investors including Ford, BMW, Sanoh, Hyundai, A123, Samsung and Solvay.
Solid Power, a US-headquartered solid-state battery manufacturer backed by several corporate investors, agreed yesterday to a reverse merger with special purpose acquisition company Decarbonization Plus Acquisition Corporation III.
The combined business will take the Nasdaq Capital Market listing acquired by Decarbonization Plus Acquisition Corporation III in a $350m initial public offering in March this year, and will have an implied $1.2 billion pro forma enterprise valuation.
The transaction will be boosted by $165m in private investment in public equity…
