SES AI closes business combination with Ivanhoe; audited FY2021 net loss $31.3M

SES AI Corp

Business combination with Ivanhoe closed Feb 3, 2022; company renamed SES AI Corporation.
Old SES audited net loss was $31.3M for 2021, vs. $13.9M for 2020.
R&D expenses $15.5M in 2021, up from $9.4M in 2020; G&A $16.5M.
Cash and cash equivalents $160.5M at Dec 31, 2021, including Series D preferred proceeds.
Unaudited pro forma combined financial info as of Dec 31, 2021 included in filing.

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