Decarbonization Plus Acquisition Corp III
DCRCW
NASDAQ4.69
USD
+0.82
- -
CIK
0001844862
Return %
Stock
S&P500
1Y
- -
18.21
3Y
- -
64.38
5Y
485.59
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Erik J. Anderson
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2744 Sand Hill Road Menlo Park CA United States of America
- IPO Date
- May 14, 2021
- CIK
- 0001844862
- Similar Companies
- Business
- Decarbonization Plus Acquisition Corp III is a special purpose acquisition company (SPAC) focused on effecting business combinations with firms developing and advancing decarbonization technologies, primarily targeting carbon-intensive sectors. It was founded to pursue mergers, capital stock exchanges, asset acquisitions, or similar transactions with such companies. The company completed a significant business combination with Solid Power, Inc., a leading developer and manufacturer of all-solid-state batteries for electric vehicles, resulting in Solid Power becoming publicly listed. Solid Power's core products include advanced solid-state battery cells and battery packs designed to enhance electric vehicle performance and safety. The combined company operates in the clean energy and automotive industries with a focus on battery technology innovation and commercialization. Decarbonization Plus Acquisition Corp III's recent major change includes the successful merger with Solid Power in late 2021, supported by strategic investments such as a $30 million funding round from SK On aimed at scaling battery production and technology development. This merger marks Decarbonization Plus Acquisition Corp III's transition from a SPAC shell to an operating company centered on next-generation battery solutions. The company operates primarily in the United States, with headquarters linked to the original Decarbonization Plus Acquisition Corp III listing in New York. The company's transformation through this business combination reflects its strategic shift from a blank check acquisition entity into a technology-driven manufacturer within the electric vehicle supply chain. This positions it to capitalize on growth in the decarbonization and electrification markets globally. The company continues to develop partnerships and technology improvements aligned with accelerating the transition to cleaner energy systems. This description incorporates the company's core products in solid-state batteries, strategic shift through acquisition and public listing, investment backing, industry focus, and geographical orientation.