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Battery Company Solid Power to Go Public in a $1.2 Billion SPAC Deal

The transaction will provide around $600 million of gross cash proceeds to the company

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Producer of all-solid-state batteries for electric vehicles Solid Power and Decarbonization Plus Acquisition Corporation III (DCRC), a special purpose acquisition company (SPAC), have announced a definitive agreement for a business combination, resulting in Solid Power becoming a publicly listed company.

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