SEC Filing Summary: SES AI Corp (8-K)
Business Context and Reporting Period
This Form 8-K was filed by SES AI Corporation on February 4, 2025, reporting events occurring on February 3, 2025. The Company is incorporated in Delaware and its Class A common stock and warrants trade on the New York Stock Exchange (NYSE) under the symbols "SES" and "SES WS," respectively.
Key Financial Metrics
This filing is a current report regarding corporate governance and listing status. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metric.
Material Changes
The primary material event reported is the resolution of a listing compliance issue:
- Prior Status: On September 26, 2024, the Company received notice from the NYSE that it was non-compliant with Section 802.01C of the Listed Company Manual due to an average closing price below $1.00 over a consecutive 30-day period.
- Current Status: On February 3, 2025, the Company received written notice from the NYSE confirming it has regained compliance with the Listing Rule.
Outlook, Risks, and Management Commentary
Management commentary is limited to the announcement of regained compliance. The filing references a press release (Exhibit 99.1) for further details. No specific guidance, forward-looking financial projections, or new risk factors were disclosed in this document beyond the historical context of the stock price deficiency.
Key Facts for Investor Verification
- Verify the current trading price of SES Class A common stock to ensure it remains above the $1.00 threshold required for continued NYSE listing.
- Review the attached press release (Exhibit 99.1) for any additional details regarding the Company's plan to maintain compliance.
- Confirm the status of the Company's warrants (SES WS) and their exercise price of $11.50 per share.