SCHEDULE: Solid Power Stakeholder CVI Investments Reports 9.9% Ownership

CVI Investments, Inc. and Heights Capital Management, Inc. have filed a Schedule 13G, reporting a combined beneficial ownership of 9.9% of Solid Power, Inc. common stock, primarily through warrants.

Summary

• CVI Investments, Inc. and Heights Capital Management, Inc. have filed an amended Schedule 13G, indicating their beneficial ownership of Solid Power, Inc. common stock.
• The reporting persons collectively own 25,218,311 shares, representing 9.9% of the class of securities.
• This ownership is primarily derived from warrants to purchase shares, with a cap on exercisability to maintain ownership below 9.99%.
• Heights Capital Management, Inc. acts as the investment manager for CVI Investments, Inc., potentially exercising voting and dispositive power over the shares.
• The filing date for this amendment is June 30, 2026, with the report signed on August 14, 2026.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting a change in beneficial ownership percentage and the nature of that ownership, rather than new financial or strategic information.

Positives

• The filing clarifies the ownership structure and beneficial interest in Solid Power, Inc. by CVI Investments, Inc. and Heights Capital Management, Inc.
• The reporting persons have a significant stake, holding 9.9% of the company's common stock.
• The ownership is capped at 9.99% to comply with regulatory thresholds, suggesting a controlled and deliberate investment strategy.

Negatives

• The filing does not provide new financial performance data or strategic updates for Solid Power, Inc.
• The ownership is largely based on warrants, which are contingent on future exercise and potential market conditions.

Risks

• The exercisability of warrants is capped at 9.99% of outstanding shares, limiting the potential increase in beneficial ownership.
• The reliance on warrants means that the actual number of shares controlled can fluctuate based on the company's outstanding share count and regulatory limits.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from Solid Power, Inc. It primarily details the ownership stake of CVI Investments, Inc. and Heights Capital Management, Inc., including limitations on their ability to increase this stake beyond 9.99% due to warrant exercisability caps.

Management Comments

• Heights Capital Management, Inc. is the investment manager to CVI Investments, Inc. and as such may exercise voting and dispositive power over the shares reported as beneficially owned by CVI Investments, Inc. herein.
• Each of the Reporting Persons hereby disclaims any beneficial ownership of any such Shares, except for their pecuniary interest therein.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and investment managers accumulating significant stakes in public companies. This filing indicates a substantial, though capped, interest in Solid Power, Inc., a company operating in the advanced battery materials sector, particularly solid-state batteries.

Related Party Transactions

• Heights Capital Management, Inc. acts as the investment manager to CVI Investments, Inc., indicating a related party relationship in the management of investments.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding a significant ownership block, which could influence market perception and trading activity.
• Management: The reporting persons' stake and potential influence through voting rights are noted.
• Creditors: No direct impact on creditors is indicated by this filing.

Next Steps

• The reporting persons will continue to monitor their beneficial ownership percentage to ensure it remains below the 9.99% threshold for warrant exercisability.
• Solid Power, Inc. will continue its operations in the development of solid-state battery technology.

Key Dates

Keywords

Solid Power, Schedule 13G, Beneficial Ownership, CVI Investments, Heights Capital Management, Warrants, Securities Ownership