other material
confidence high
sentiment neutral
materiality 0.50
Solid Power expands Louisville facility lease, adds 9,600 sq ft and extends term to Dec 2029
Solid Power, Inc.
- Third Amendment adds Suite C (9,600 sq ft) to existing 28,840 sq ft, total leased space becomes 38,440 sq ft.
- Lease term extended from Sep 6, 2029 to Dec 31, 2029; expansion commencement date is Jan 1, 2025 or upon wall completion.
- Monthly base rent starts at $47,921.27 (1/1/2025–9/6/2025), escalating to $58,970.60 by Oct–Dec 2029.
- Security deposit increased by $33,026.77 to $77,358.77; Landlord provides a $19,200 tenant improvement allowance for Suite C.
- Facility (SP1) remains corporate HQ for pilot cell production, R&D, and quality control.