Solid Power extends JDA with BMW to Sep 30, 2024; revises payment schedule

Solid Power, Inc.

Term of Joint Development Agreement extended to September 30, 2024.
BMW to pay $4.425M as partial satisfaction of $4.5M final payment by June 30, 2024.
Remaining $75,000 of final payment due by June 30, 2025, subject to certain conditions.
BMW retains director nomination right and observer seat on Solid Power's board.

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