Solid Power Announces $130M Registered Direct Offering Of 17M Shares And ~5.81M Pre-Funded Warrants At A Combined Price Of ~$5.699

Strategic Financing Enhances Liquidity for Development of Next-Generation Batteries

Solid Power, Inc. (NASDAQ:SLDP), a leading U.S.-based developer of solid-state battery technology, today announced that it has entered into a securities purchase agreement with a single sector-focused institutional investor for the purchase and sale of 17,000,000 shares of its common stock, pre-funded warrants to purchase an aggregate of 5,807,018 shares of common stock and warrants ("common warrants") to purchase up to an aggregate of 45,614,036 shares of common stock in a registered direct offering (the "Offering"). As of December 31, 2025, the Company had approximately 201.2 million shares of common stock outstanding.

The Offering is being priced at a combined purchase price of $5.70 per share of common stock and accompanying two common warrants, and $5.699 per pre-funded warrant and accompanying two common warrants. The common warrants will be immediately exercisable at an exercise price of $7.25 per share, and will expire 7 years from issuance.

The closing of the Offering is expected to occur on or about January 29, 2026, subject to the satisfaction of customary closing conditions. The gross proceeds from the Offering are expected to be approximately $130 million, before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds from the Offering, together with its cash, cash equivalents and available-for-sale securities comprising approximately $336.5 million (unaudited) of total liquidity as of December 31, 2025, for working capital purposes and general corporate purposes in its development of next-generation batteries.

J.P. Morgan Securities LLC and A.G.P./Alliance Global Partners are acting as placement agents for the Offering.