UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 1.01 | Entry into a Material Definitive Agreement. |
On August 20, 2024, Solid Power Operating, Inc., a wholly owned subsidiary of Solid Power, Inc. (collectively, the “Company”), and Red Pierce, LLC (the “Landlord”) entered into a Third Amendment to Lease (the “Third Amendment”). The Company and Landlord previously entered into a Lease Agreement, dated November 29, 2016 (as previously amended, the “Original Lease” and, as amended by the Third Amendment, the “Master Lease”).
Under the Third Amendment, upon the earlier of January 1, 2025 or the Landlord’s completion of a demising wall (the “Expansion Date”), the Company will lease an additional 9,600 square feet, resulting in the Company leasing approximately 38,400 square feet at at a facility in Louisville, Colorado (“SP1”). In addition, the term of the Master Lease is extended until December 31, 2029, and the Company will be obligated to make monthly rent payments of approximately $47,920, commencing on the Expansion Date until September 6, 2025, subject to yearly increases as specified in the Third Amendment.
SP1 will continue to serve as the Company’s corporate headquarters, and the Company intends to continue using SP1 primarily for pilot cell production, research and development, and quality control purposes.
The foregoing description of the Third Amendment is qualified in its entirety by the full text of the Third Amendment, 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 | Third Amendment to Lease, dated August 20, 2024, between Solid Power Operating, Inc. and Red Pierce, LLC. | |
| 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: August 21, 2024
| SOLID POWER, INC. | ||
| By: | /s/ James Liebscher | |
| Name: James Liebscher | ||
| Title: Chief Legal Officer and Secretary | ||