2 unchanged sentences
In designing and evaluating our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act), management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired controls.
−Removed: As required by Rule 13a-15(b) under the Exchange Act, our management, with the participation of our principal executive officer and principal financial officer, conducted an evaluation of the effectiveness of our disclosure controls and procedures as of December 31, 2023.
+Added: As required by Rule 13a-15(b) under the Exchange Act, our management, with the participation of our principal executive officer and principal financial officer, has evaluated the effectiveness of our disclosure controls and procedures as of December 31, 2024.
Based upon that evaluation, our principal executive officer and principal financial officer concluded that, as of the end of the period covered by this Report, our disclosure controls and procedures were effective.
+Added: Solid Power, Inc.
+Added: | 2024 Form 10-K | 67
Management’s Report on Internal Control Over Financial Reporting
5 unchanged sentences
There were no changes during the quarter ended December 31, 2024 that were identified in connection with management’s evaluation required by paragraph (d) of Rules 13a-15 and 15d-15 under the Exchange Act, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
−Removed: Solid Power, Inc.
−Removed: | 2023 Form 10-K | 68
Other Information
−Removed: During the quarter ended December 31, 2023, the following directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” each as defined in Item 408(c) of Regulation S-K:
−Removed: Trading Arrangement
−Removed: Aggregate Number
−Removed: of Securities to be
−Removed: Name and Title
−Removed: Purchased or Sold
−Removed: Derek Johnson
−Removed: Chief Operating Officer
−Removed: Up to 954,594 shares of common stock to be sold
−Removed: (1) Intended to satisfy the affirmative defense of Rule 10b5-1.
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Not applicable.
+Added: Solid Power, Inc.
+Added: | 2024 Form 10-K | 68
Directors, Executive Officers and Corporate Governance
−Removed: The information regarding executive officers called for by Item 401(b) of Regulation S-K may be found under “Business—Information About our Executive Officers.” The other information required by this Item is included in the Company’s 2024 Proxy Statement to be filed with the SEC within 120 days after December 31, 2023 in connection with the solicitation of proxies for the Company’s 2024 annual meeting of stockholders, and is incorporated herein by reference.
+Added: The information regarding executive officers called for by Item 401(b) of Regulation S-K may be found under “Business—Information About our Executive Officers.” The other information required by this Item is included in the Company’s 2025 Proxy Statement to be filed with the SEC within 120 days after December 31, 2024 in connection with the solicitation of proxies for the Company’s 2025 annual meeting of stockholders under the captions “Corporate Governance Matters,” “Proposal No.
+Added: 1 – Election of Directors,” and “Delinquent Section 16(a) Reports.” Such information is incorporated herein by reference.
Executive Compensation
8 unchanged sentences
| 2024 Form 10-K | 69
−Removed: Solid Power, Inc.
−Removed: | 2023 Form 10-K | 70
Exhibits, Financial Statement Schedules
2 unchanged sentences
Consolidated Balance Sheets
−Removed: Consolidated Statements of Operations
+Added: Consolidated Statements of Operations and Comprehensive Loss
Consolidated Statements of Stockholders’ Equity
25 unchanged sentences
August 10, 2021
−Removed: Solid Power, Inc.
−Removed: | 2023 Form 10-K | 71
Description of Securities
March 23, 2022
+Added: Solid Power, Inc.
+Added: | 2024 Form 10-K | 70
Private Placement Warrants Purchase Agreement, dated March 23, 2021, between Decarbonization Plus Acquisition Corporation III, Decarbonization Plus Acquisition Sponsor III LLC and the other purchasers named therein
43 unchanged sentences
December 21, 2022
+Added: Amendment No.
+Added: 5 to Joint Development Agreement, effective June 21, 2024, between Solid Power Operating, Inc.
+Added: and BMW of North America, LLC
+Added: June 24, 2024
Solid Power, Inc.
| 2024 Form 10-K | 71
+Added: Amendment No.
+Added: 6 to Joint Development Agreement, effective September 30, 2024, between Solid Power Operating, Inc.
+Added: and BMW of North America, LLC
+Added: October 1, 2024
Agreement for the Joint Development of Solid State Batteries for Automotive Applications between Ford Motor Company and Solid Power Operating, Inc., dated December 28, 2018
4 unchanged sentences
and Ford Motor Company
+Added: Third Amendment to Joint Development Agreement, dated December 16, 2024, between Solid Power Operating, Inc.
+Added: and Ford Motor Company
+Added: December 17, 2024
Joint Development Agreement, dated October 28, 2021, between Solid Power Operating, Inc.
9 unchanged sentences
January 16, 2024
+Added: Assistance Agreement, dated January 1, 2025, between Solid Power Operating, Inc.
+Added: Department of Energy
+Added: January 24, 2024
Solid Power, Inc.
11 unchanged sentences
Offer Letter with John Van Scoter, dated May 26, 2023
−Removed: Letter Agreement with Derek Johnson, dated August 5, 2021
−Removed: December 13, 2021
+Added: Solid Power, Inc.
+Added: | 2024 Form 10-K | 72
Letter Agreement with Joshua Buettner-Garrett, dated August 5, 2021
2 unchanged sentences
March 1, 2023
−Removed: Solid Power, Inc.
−Removed: | 2023 Form 10-K | 73
+Added: Offer Letter with Linda Heller, dated June 14, 2024
+Added: June 17, 2024
Offer Letter with Kevin Paprzycki, dated September 30, 2021
March 1, 2023
−Removed: Letter Agreement with David Jansen, dated August 5, 2021
−Removed: December 13, 2021
−Removed: Interim CEO Agreement with David Jansen, dated November 29, 2022
−Removed: November 29, 2022
−Removed: Amendment to Interim CEO Agreement, dated August 7, 2023, between Solid Power, Inc.
+Added: Separation and Release Agreement with Kevin Paprzycki, dated July 11, 2024
August 7, 2024
−Removed: Offer Letter with Jon Jacobs, dated September 26, 2021
−Removed: March 23, 2022
−Removed: Separation and Release Agreement with Jon Jacobs, dated February 10, 2023
−Removed: March 1, 2023
+Added: Letter Agreement with Derek Johnson, dated August 5, 2021
+Added: December 13, 2021
+Added: Consulting Agreement, dated January 13, 2025, between Solid Power Operating, Inc.
+Added: and Derek Johnson
+Added: January 13, 2025
Form of Retention Agreement, dated November 29, 2022
6 unchanged sentences
December 2, 2022
+Added: Third Amendment to Lease, dated August 20, 2024, between Solid Power Operating, Inc.
+Added: and Red Pierce, LLC
+Added: August 21, 2024
Industrial Lease Agreement between the Company and 25 North Investors SPE1, LLC, dated September 1, 2021
December 13, 2021
+Added: Solid Power, Inc.
+Added: Insider Trading Policy
List of Subsidiaries
+Added: February 28, 2024
Consent of Ernst & Young LLP, Independent Registered Public Accounting Firm
5 unchanged sentences
Solid Power, Inc.
−Removed: Policy on Recovery of Incentive Compensation
−Removed: Solid Power, Inc.
| 2024 Form 10-K | 73
+Added: Solid Power, Inc.
+Added: Policy on Recovery of Incentive Compensation
XBRL Instance Document – the instance document does not appear in the Interactive Data file because its Inline XBRL tags are embedded within the Inline XBRL document
16 unchanged sentences
SOLID POWER, INC.
−Removed: /s/ Kevin Paprzycki
−Removed: Kevin Paprzycki
+Added: /s/ Linda Heller
Chief Financial Officer and Treasurer
2 unchanged sentences
POWER OF ATTORNEY
−Removed: KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints John Van Scoter, Kevin Paprzycki, and James Liebscher, and each of them, as his or her true and lawful attorney-in-fact and agent with full power of substitution, for him or her in any and all capacities, to sign any and all amendments to this Annual Report on Form 10-K, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact, proxy and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact, proxy and agent, or his or her substitute, may lawfully do or cause to be done by virtue hereof.
+Added: KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints John Van Scoter, Linda Heller, and James Liebscher, and each of them, as his or her true and lawful attorney-in-fact and agent with full power of substitution, for him or her in any and all capacities, to sign any and all amendments to this Annual Report on Form 10-K, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact, proxy and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact, proxy and agent, or his or her substitute, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Exchange Act of 1934, this Annual Report on Form 10-K has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated:
5 unchanged sentences
Chief Financial Officer and Treasurer
−Removed: /s/ Kevin Paprzycki
+Added: /s/ Linda Heller
(Principal Financial and Accounting Officer)
February 28, 2025
−Removed: Kevin Paprzycki
/s/ Erik Anderson
23 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.