8-K12B
filed February 8, 2022, 6:59 PM ET
ticker SES
CIK 0001819142
M&A
confidence high
sentiment positive
materiality 0.90
SES AI Corp. completes business combination with Ivanhoe; PIPE raises $274.5M
SES AI Corp
- Approximately 303.99M Class A and 43.88M Class B shares outstanding after closing.
- PIPE investment of $274.5M at $10/share; one investor defaulted on 50% of 100K-share commitment.
- Earn-out shares (up to 30M) and sponsor shares subject to price targets from $12 to $18, with 180-day lock-up.
- Warrant amended to equity classification; new equity incentive plan reserves up to 36.86M shares plus annual increase.
- New Board and executive officers appointed; indemnification agreements entered into.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Yongkyu Son was appointed as Chief Technology Officer at SES AI Corp.
- Action
- appointed
- Role
- Chief Technology Officer
Exact text from the filing
Dr. Qichao Hu was appointed Chief Executive Officer, Rohit Makharia was appointed President and Chief Operating Officer, Jing Nealis was appointed Chief Financial Officer, Joanne Ban was appointed Chief Legal and Corporate Officer, Yongkyu Son was appointed Chief Technology Officer and Dr. Hong Gan was appointed Chief Science Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Noonen was elected as Director at SES AI Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
each of Dr. Qichao Hu, Dr. Jang Wook Choi, Dr. Jiong Ma, Kent Helfrich, Eric Luo and Michael Noonen were elected to serve as directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dr. Jang Wook Choi was elected as Director at SES AI Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
each of Dr. Qichao Hu, Dr. Jang Wook Choi, Dr. Jiong Ma, Kent Helfrich, Eric Luo and Michael Noonen were elected to serve as directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jing Nealis was appointed as Chief Financial Officer at SES AI Corp.
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
Dr. Qichao Hu was appointed Chief Executive Officer, Rohit Makharia was appointed President and Chief Operating Officer, Jing Nealis was appointed Chief Financial Officer, Joanne Ban was appointed Chief Legal and Corporate Officer, Yongkyu Son was appointed Chief Technology Officer and Dr. Hong Gan was appointed Chief Science Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dr. Qichao Hu was elected as Director at SES AI Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
each of Dr. Qichao Hu, Dr. Jang Wook Choi, Dr. Jiong Ma, Kent Helfrich, Eric Luo and Michael Noonen were elected to serve as directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dr. Qichao Hu was appointed as Chief Executive Officer at SES AI Corp.
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
Dr. Qichao Hu was appointed Chief Executive Officer, Rohit Makharia was appointed President and Chief Operating Officer, Jing Nealis was appointed Chief Financial Officer, Joanne Ban was appointed Chief Legal and Corporate Officer, Yongkyu Son was appointed Chief Technology Officer and Dr. Hong Gan was appointed Chief Science Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joanne Ban was appointed as Chief Legal and Corporate Officer at SES AI Corp.
- Action
- appointed
- Role
- Chief Legal and Corporate Officer
Exact text from the filing
Dr. Qichao Hu was appointed Chief Executive Officer, Rohit Makharia was appointed President and Chief Operating Officer, Jing Nealis was appointed Chief Financial Officer, Joanne Ban was appointed Chief Legal and Corporate Officer, Yongkyu Son was appointed Chief Technology Officer and Dr. Hong Gan was appointed Chief Science Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kent Helfrich was elected as Director at SES AI Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
each of Dr. Qichao Hu, Dr. Jang Wook Choi, Dr. Jiong Ma, Kent Helfrich, Eric Luo and Michael Noonen were elected to serve as directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dr. Hong Gan was appointed as Chief Science Officer at SES AI Corp.
- Action
- appointed
- Role
- Chief Science Officer
Exact text from the filing
Dr. Qichao Hu was appointed Chief Executive Officer, Rohit Makharia was appointed President and Chief Operating Officer, Jing Nealis was appointed Chief Financial Officer, Joanne Ban was appointed Chief Legal and Corporate Officer, Yongkyu Son was appointed Chief Technology Officer and Dr. Hong Gan was appointed Chief Science Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rohit Makharia was appointed as President and Chief Operating Officer at SES AI Corp.
- Action
- appointed
- Role
- President and Chief Operating Officer
Exact text from the filing
Dr. Qichao Hu was appointed Chief Executive Officer, Rohit Makharia was appointed President and Chief Operating Officer, Jing Nealis was appointed Chief Financial Officer, Joanne Ban was appointed Chief Legal and Corporate Officer, Yongkyu Son was appointed Chief Technology Officer and Dr. Hong Gan was appointed Chief Science Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dr. Jiong Ma was elected as Director at SES AI Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
each of Dr. Qichao Hu, Dr. Jang Wook Choi, Dr. Jiong Ma, Kent Helfrich, Eric Luo and Michael Noonen were elected to serve as directors of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Eric Luo was elected as Director at SES AI Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
each of Dr. Qichao Hu, Dr. Jang Wook Choi, Dr. Jiong Ma, Kent Helfrich, Eric Luo and Michael Noonen were elected to serve as directors of the Company.
View on SEC.gov
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