Solid Power expands Colorado HQ lease to ~29,000 sq ft, extends term through 2029

Solid Power, Inc.

Second Amendment adds 9,645 sq ft Suite D to existing lease, total rentable space now 28,840 sq ft.
Lease term extended from Sept 2024 to Sept 2029 (146 months total); initial monthly rent $33,310.
New monthly rent starts at $33,310, with annual increases to $40,761 by final lease year.
Facility will continue as corporate HQ for R&D, manufacturing, and quality control.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Solid Power, Inc. amended Second Amendment with Red Pierce, LLC valued at approximately $33,310 (effective 2022-12-01).

Action: amendment
Agreement: lease
Counterparty: Red Pierce, LLC
Value: approximately $33,310
Effective: 2022-12-01

Exact text from the filing

Effective December 1, 2022 (the “Effective Date”), Solid Power Operating, Inc., a wholly owned subsidiary of Solid Power, Inc. (the “Company”), entered into a Second Amendment (the “Second Amendment”) to that certain Lease Agreement by and between the Company and Red Pierce, LLC (the “Landlord”), dated November 29, 2016, as amended (the “Original Lease” and, as amended by the Second Amendment, the “Site 1 Master Lease”).

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Solid Power, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-124121

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