Solid Power DCRC+ Financial Overview
Transaction Summary
Offering Size
Valuation
Pro-Forma Capital Structure
Pro-Forma Ownership
Listing/Ticker
Decarbonization Plus Acquisition Corporation III (NASDAQ: DCRC) is a publicly listed special purpose acquisition company with
approximately $350 million of cash held in trust. DCRC has entered into a business combination agreement with Solid Power
PIPE size of $165 million
Transaction reflects an approximate $1.2 billion enterprise value
Implies a steep discount to peer trading levels
Net of transaction expenses, Solid Power will have $599 million of cash to fund operations and growth¹
No additional capital requirements necessary to deliver on business plan
~67% existing Solid Power shareholders, ~24% SPAC and founder shares, ~9% PIPE investors
NASDAQ: SLDP (post-merger)
Decarbonization Team
& Investment Focus
Erik Anderson | Chief Executive Officer
Founder & CEO, West River Group
Exclusive focus on innovation economy, disrupter/attacker
business models, brand leaders in breakthrough categories
Early-stage investor history: Docusign, Teledoc, TopGolf
Robert Tichio | Chairman
16-year history, Riverstone Holdings LLC
Partner; Menlo Park & New York
ESG & Sustainability investment strategy oversight
■ DCRC priced IPO in March 2021
1.
Exclusive focus on six decarbonization families:
Electrification of transport
2. Greening of fossil fuels
3. Grid flexibility & resilience
4. Agriculture
5. Next generation liquids fuels (e.g., hydrogen)
6. Next horizon resource use (e.g., smart buildings)
1. Assumes no redemptions from public stockholders of DCRC.
Solid Power DCRC+
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