secwatch.observer — SEC 8-K summary
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Issuer:     SES AI Corp (SES)
CIK:        0001819142
Form:       8-K12B
Filed at:   2022-02-08T23:59:59+00:00
Accession:  0001193125-22-031167
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 9.01, 5.02, 3.02, 3.03, 8.01, 5.01, 5.03, 5.05, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

SES AI Corp. completes business combination with Ivanhoe; PIPE raises $274.5M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819142/000119312522031167/0001193125-22-031167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819142/000119312522031167/d294425d8k12b.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-031167

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