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Solid Power To Repurchase Upto $50 Mln Stock

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Solid Power, Inc. (SLDP), a developer of solid-state battery technology, Tuesday announced that its Board has authorized a stock repurchase program of up to $50 million.

The program is expected to close on December 31, 2025.

CEO of Solid Power said, "The program is the reflection of its strong cash position and commitment to creating shareholder value."

In the pre-market activity, Solid Power's stock is moving up 5.13 percent, to $1.23 on the Nasdaq.

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