secwatch.observer — SEC 8-K summary
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Issuer:     SES AI Corp (SES)
CIK:        0001819142
Form:       8-K
Filed at:   2022-03-31T23:59:59+00:00
Accession:  0001193125-22-091953
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

SES AI to restate Q3 2021 financials due to stock-compensation errors
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- Audit Committee concluded Old SES's unaudited Q3 2021 financials should be restated.
- Errors: incorrect accounting for stock option modification, wrong fair value input, and disclosure issues.
- Stock-based compensation expense increased by $2.6M (three months) and $2.8M (nine months) ended Sep 30, 2021.
- Restatement has no impact on previously reported cash flows or cash balances.
- Company will file restated financials in an amended Business Combination Form 8-K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819142/000119312522091953/0001193125-22-091953-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819142/000119312522091953/d342080d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-091953

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