Decarbonization Plus Acquisition Corp III
DCRC · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
In plain terms
- What it is
- A SPAC from Decarbonization Plus Acquisition Sponsor III LLC, listed on Nasdaq in March 2021.
- What it's doing now
- It agreed to buy Solid Power, Inc., an all-solid-state battery cell technology for electric vehicle company. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
- What you should know
- This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.
At a glance
- Where it stands
- Closed (deSPAC)
- The business it bought
- Solid Power, Inc. — Power Solid Power is an industry-leading developer of all-solid-state rechargeable battery cells for electric vehicles and mobile power markets.
- Industry
- Information Technology — all-solid-state battery cell technology for electric vehicle
- Deal value
- not stated in the filings we hold
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 25 March 2021
- size not on file
- Headquarters
- 486 S. PIERCE AVE., SUITE E, LOUISVILLE, CO, 80027
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Breitweg Uwe Michael (Director) · Van Scoter John C. (Director) · Heller Linda C. (CFO, Treasurer, & Secretary)
- Listed securities
- DCRC common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 25 March 2021IPOpassed
IPO size not on file
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- closedInformation Technology
What Solid Power, Inc. does — read from solidpowerbattery.com on 26 August 2026
Solid Power is an industry-leading developer of all-solid-state battery cells designed to be safer, offer higher energy, and cost less than lithium-ion. The company utilizes proprietary sulfide-based solid electrolytes in various cell chemistries, including Silicon EV Cell, Lithium Metal EV Cell, and Conversion Reaction Cell. They have partnerships with BMW, Ford, and SK Innovation for joint development and production.
Denver-areaAll-Solid-State BatteriesEnergy StorageE-mobilityDeal structureSEC-primary — BCA 8-K / S-4 / DEFM14A- PIPE
- ≈ $165M · unsourced
PIPE terms — instrument, coupon, conversion price and any reset floor — are not sourced for this deal. The size above is itself unsourced — a stored figure no filing we hold states — so neither the size nor the terms should be read as cited.
stated in:0001193125-21-241950
The score
deterministic, from filed fieldsDCRC is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Decarbonization Plus Acquisition Corp III was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker DCRC. The company priced its initial public offering on March 25, 2021, under SEC file number 333-253094, with the pricing prospectus filed as 424B4 (accession 0001564590-21-015341) under S-1 0001564590-21-005817, dated February 12, 2021. The registrant self-described as a blank-check company in that prospectus, and its SEC SIC industry code was 3690 (Miscellaneous Electrical Machinery, Equipment & Supplies). The vehicle completed a business combination and no longer files, with the closing established by an 8-K filed December 13, 2021 (accession 0001104659-21-148821) reporting a change in shell company status under item 5.06. EDGAR now lists SEC CIK 0001844862 under the name Solid Power, Inc.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
This summary is drawn from the cover page and cautionary note of the report; the financial statements are not covered here.
The share count rests on an assumed exchange ratio of 3.1873 shares of Class A common stock for each Solid Power share, computed on Solid Power's capitalization as of October 31, 2021, and the filing states that the number will be adjusted for changes in that capitalization before closing — so the registered total is an estimate rather than fixed consideration. The $10.545 per-share figure behind the aggregate is the high-low trading average of the Class A common stock on October 27, 2021, a market price used for the fee calculation and not a negotiated price for Solid Power.
The ratio is re-struck on a later snapshot: 3.1917 is calculated on Solid Power's capitalisation as of September 30, 2021, a more recent measurement than the one the previous amendment used. The count still assumes all Solid Power Options and Solid Power Warrants are exchanged and exercised, so it remains a fully diluted ceiling, and the filing states the number issued or issuable will be adjusted again for changes before the closing — neither the count nor the ratio is final.
The exchange ratio is anchored to a date rather than to the closing: 3.2036 is calculated on Solid Power's capitalisation as of June 15, 2021, the day the Business Combination Agreement was executed, so it moves if Solid Power's share count changes before the merger. The registered figure also assumes all Solid Power Options and Solid Power Warrants are exchanged and exercised, making it a fully diluted ceiling rather than a count of shares delivered at closing.
The count rests on an exchange ratio of 3.2036 Class A shares for each share of Solid Power common stock, and the filing is explicit that this is an estimate: the ratio is calculated on Solid Power's capitalisation as of June 15, 2021, the date the Business Combination Agreement was executed, and the number of shares issued in the Merger will be adjusted for changes in that capitalisation before closing. The registered figure also covers shares issuable on exchange and exercise of all Solid Power Options and Solid Power Warrants.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
What changed: Q2 2026 10-Q of Solid Power, Inc. (Nasdaq: SLDP), with 228,181,212 shares of common stock issued and outstanding as of August 3, 2026. Why it matters: This summary is drawn from the cover page and cautionary note of the report; the financial statements are not covered here.
What changed: 8-K of Solid Power, Inc. Item 2.02 (results of operations and financial condition): on August 4, 2026 the Company issued a press release announcing its financial and operational results for the second quarter ended June 30, 2026, furnished as Exhibit 99.1. The exhibit will not be deemed filed for Section 18 purposes nor incorporated by reference. Item 9.01 lists Exhibit 99.1 and Exhibit 104 (cover page Inline XBRL). Signed by CFO, Treasurer and Secretary Linda Heller. Most of the document is a forward-looking-statements legend rather than reported facts. Why it matters: Quarterly earnings furnishing with no figure in the report. The legend lists the company's standing risk factors, including its description of itself as a research and development stage company with a history of financial losses expecting continuing losses; that is boilerplate carried on every filing, not a status reported here.
Show the other 10 filings
What changed: Solid Power, Inc., the Decarbonization Plus Acquisition Corporation III successor, appointed Uwe Breitweg as a Class III director on July 1, 2026. He was nominated by BMW Holding B.V. under its rights in the Board Nomination and Support Agreement of May 5, 2021, succeeding Rainer Feurer, and serves to the 2027 annual meeting. Given the BMW commercial relationship the board found him not independent under Nasdaq rules, so he joins no committees, and he waived all compensation. Why it matters: The seat exists because BMW negotiated a permanent nomination right at the time of the SPAC merger, so one board place is controlled by a commercial counterparty rather than by shareholders — and the explicit non-independence finding confirms the conflict is acknowledged rather than managed away. For former DCRC holders that is the price of the BMW relationship the equity story depends on. Waiving compensation avoids adding cost but does not change the alignment question.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Decarbonization Plus Acquisition Sponsor III LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1284 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B3 0001104659-23-062321
Trading & liquidity
Company profile
Directors & officers
- Breitweg Uwe MichaelDirector
- Van Scoter John C.Director
- Heller Linda C.CFO, Treasurer, & Secretary
- Buettner-Garrett JoshuaChief Technology Officer
- Wright MaryAnnDirector
- STEPHENS JOHN JOSEPHDirector
- Roe Lesa BDirector
- Miziolek Aleksandra ADirector
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
9 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- Decarbonization Plus Acquisition Sponsor III LLCwith 4 other reporting persons on the same schedule13.2% · SC 13DMar 1, 2023 stale
- FORD MOTOR CO6.5% · SC 13G/AFeb 9, 2024 stale
- BMW Holding B.V.with 2 other reporting persons on the same schedule6.3% · SC 13DDec 20, 2021 stale
- BlackRock Inc.6.0% · SC 13GJan 29, 2024 stale
- D. E. SHAW & CO, L.P.with 1 other reporting person on the same schedule5.0% · SC 13D/ANov 10, 2021 stale
- Campbell Douglas M4.1% · SC 13D/AJan 4, 2023 stale
- INTEGRATED CORE STRATEGIES (US) LLCwith 5 other reporting persons on the same schedule0.4% · SC 13G/AFeb 11, 2022 stale
- Volta Energy Technologies, LLC0.0% · SC 13G/ADec 4, 2023 stale
- FARALLON CAPITAL MANAGEMENT LLCwith 21 other reporting persons on the same schedule0.0% · SC 13G/AFeb 11, 2022 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
News
company wires and the financial pressReporting we have matched to this ticker. Headlines belong to the outlets that wrote them.
Show the headlines
- Ford-backed battery maker Solid Power to go public via $1.2 bln ...
Reutersundated by the source
- Solid Power, Industry-Leading All-Solid-State Battery Producer, to ...
PR Newswireundated by the source
- Solid Power Announces $20 Million In Series A Funding
PR Newswireundated by the source
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
35 full SEC filing texts archived — searchable, never lost.
- Vault note — DCRC (Decarbonization Plus Acquisition Corp III)
vault-note · /vault/tickers/DCRC
- Vault deal note — Solid Power, Inc. (DCRC)
vault-note · /vault/deals/solid-power-inc
- Solid Power Announces $20 Million In Series A Funding
news · prnewswire.com
- Solid Power, Inc. Company Overview, Contact Details & Competitors | LeadIQ
news · leadiq.com
- Solid Power Inc. - Investor Relations
company-site · solidpowerbattery.com
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail5 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 3690 (Miscellaneous Electrical Machinery, Equipment & Supplies). The screen found it by filing SHAPE instead — S-1 2021-02-12 → 8-A12B 2021-03-23 → 424B4 2021-03-25 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 3690 + self-described blank check in 424B4 0001564590-21-015341; 424B 0001564590-21-015341 priced 2021-03-25 under S-1 0001564590-21-005817 (file 333-253094, an offering for cash); common ticker DCRC off 8-K 0001564590-21-027844 (2021-05-14); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-253094, which belongs to S-1 0001564590-21-005817 (2021-02-12) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2021-03-25). Ending PROVEN, not inferred: CLOSED per 8-K 0001104659-21-148821 (2021-12-13) — 8-K item 5.06 "Change in Shell Company Status" (EDGAR item index, items: 1.01,1.02,2.01,3.01,3.02,3.03,4.01,5.01,5.02,5.03,5.05,5.06,9.01). EDGAR now files this CIK as "Solid Power, Inc." — the SPAC's own name is kept here and the successor is the target. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "Decarbonization Plus Acquisition Sponsor III LLC" sourced from prospectus definition (10-K) acc 0001104659-22-036796.
[CLOSED-RENAME] EDGAR CIK 0001844862 records "Decarbonization Plus Acquisition Corp III" ending 2021-12-08; the registrant continues as "Solid Power, Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2021-12-08. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists. [DEAL-STRUCTURE-MINED] pipeSizeM=165 from primary filings (0001193125-21-241950).
pipeBasis set to UNSOURCED: the size came from the research seed / an earlier record and no filing we hold states it — surfaces now label it "unsourced"; an LLM re-read to FILED replaces this when credits allow
OTHER -> BATTERY, on S-4/A 0001193125-21-316377: "Solid Power, a Colorado corporation, is developing all-solid-state battery cell technology that replaces the liquid or gel polymer electrolyte used in conventio"