Decarbonization Plus Acquisition: Jumps on $1.2 bln deal to take Solid Power public
15/06/2021 12:37
** Shares of blank-check firm DCRC.O up as much as 2.1% at
$12.34 premarket
** Solid Power Inc, a battery maker for electric vehicles
backed by Ford Motor Co F.N and BMW BMWG.DE to go public
through a merger with co in a deal valuing the combined entity
at around $1.2 billion urn:newsml:reuters.com:*:nL3N2NX2R5
** The deal is expected to close in the fourth quarter,
after which Solid Power would be listed on the Nasdaq under the
new ticker symbol "SLDP".
** Ford and BMW had last month participated in Solid Power's
$135 million early-stage financing round
** Stifel, Nicolaus & Company acted as financial advisor to
Solid Power. Citigroup Global Markets Inc. and J.P. Morgan
Securities LLC acted as financial advisors to DCRC
(Reporting by Rithika Krishna in Bengaluru)
((Rithika.Krishna@thomsonreuters.com;))