SEC Filing Summary: SES AI Corp (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by SES AI Corporation on July 20, 2026, regarding an event dated July 17, 2026. The Company, incorporated in Delaware, lists its Class A common stock (Symbol: SES) and Warrants (Symbol: SES WS) on the New York Stock Exchange (NYSE).
Key Financial Metrics
The filing does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on regulatory compliance regarding stock listing standards.
Material Changes and Events
On July 17, 2026, the Company received a notice from the NYSE stating it is not in compliance with Section 802.01C of the NYSE Listed Company Manual. The non-compliance is due to the average closing price of the Company's Class A common stock being less than $1.00 over a consecutive 30 trading-day period. This notice does not result in immediate delisting.
Outlook, Management Commentary, and Risks
The Company intends to notify the NYSE of its intent to regain compliance. It has a six-month cure period following the receipt of the notice. Compliance can be achieved if, on the last trading day of any calendar month during this period, the closing share price is at least $1.00 and the average closing share price over the preceding 30 trading days is at least $1.00. The Company may consider alternatives, including a reverse stock split, which would require stockholder approval. If a reverse stock split is pursued, the price condition is deemed cured if the price promptly exceeds $1.00 and remains above that level for at least 30 trading days. The filing includes standard forward-looking statement disclaimers regarding the uncertainty of regaining compliance and stock price volatility.
Investor Verification Checklist
- Verify the current trading price and 30-day average closing price of SES Class A common stock.
- Monitor the Company's progress toward regaining compliance within the six-month cure period.
- Watch for announcements regarding potential corporate actions, such as a reverse stock split, requiring stockholder approval.
- Review the Company's most recent Form 10-K for detailed risk factors and financial condition.