Solid Power, Industry-Leading All-Solid-State Battery Producer, to List on NASDAQ through Merger with Decarbonization Plus Acquisition Corporation III

Vinson & Elkins Advises Decarbonization Plus Acquisition Corporation III in Business Combination Agreement with Solid Power Background Image

Vinson & Elkins represented Decarbonization Plus Acquisition Corporation III, a blank check company, in a definitive agreement for a business combination with Solid Power, Inc. (“Solid Power”), an industry-leading producer of all-solid-state batteries for electric vehicles, that would result in Solid Power becoming a publicly listed company. The pro forma implied enterprise value of the combined company is approximately $1.2 billion.

The V&E team was led by Dan Komarek, Stancell Haigwood, and Ramey Layne, with assistance from Zach Swartz, Will White, Joe Milano, Devika Kornbacher and Ben Cukerbaum.

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