DCRC Stock Price: Over 10% Increase Pre-Market Details

By Amit Chowdhry ● June 14, 2021
  • The stock price of Decarbonization Plus Acquisition Corp III (NASDAQ: DCRC) increased by over 10% pre-market. These are the details.

The stock price of Decarbonization Plus Acquisition Corp III (NASDAQ: DCRC) increased by over 10% pre-market. Investors are responding positively to reports that the special purpose acquisition company (SPAC) is in discussions to take solid-state battery company Solid Power public. Solid Power customers include Ford and BMW.

According to Bloomberg sources, Decarbonization Plus Acquisition is also seeking to raise over $100 million in new equity to support a deal that would value the combined entity at around $1.2 billion, including debt. But the terms of the deal could change as it is not finalized yet.

Solid Power has raised more than $180 million in venture capital funding. And some of the company investors include BMW, Ford, A123 Systems, and Samsung.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.