secwatch.observer — SEC 8-K summary
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Issuer:     Solid Power, Inc. (SLDP)
CIK:        0001844862
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001104659-24-104574
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Solid Power extends JDA with BMW; milestones extended, BMW gets termination right from Dec 2025
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- JDA term extended until certain development milestones achieved; BMW may terminate at will after Dec 31, 2025 if milestones unmet.
- Deliverables, milestones, and cell performance requirements revised; updated annexes annexed to Amendment No. 6.
- Remaining $75,000 payment from prior amendment due by end of Q2 2025, contingent on specified conditions.
- New export compliance clause added; target date for non-exclusive sulfide electrolyte supply agreement changed to a redacted date.
- BMW retains director nomination and observer rights on Solid Power's board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1844862/000110465924104574/0001104659-24-104574-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1844862/000110465924104574/tm2424941d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-104574

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer