secwatch.observer — SEC 8-K summary
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Issuer:     SES AI Corp (SES)
CIK:        0001819142
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0001558370-22-008555
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SES AI reports Q1 2022 operating loss of $19.2M, cash of $426M; completes business combination with Ivanhoe
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- Operating loss of $19.2M driven by G&A of $15.1M and R&D of $4.1M; net loss of $27.0M ($0.12 per share).
- Cash and cash equivalents of $426M at quarter-end; company says sufficient to fund Li-Metal commercialization.
- Announced third JDA with Honda for Li-Metal batteries, supplementing existing agreements with GM and Hyundai.
- Formed SES Korea with plans to build a pre-production facility there; completed Phase 1 of Shanghai Pilot Facility (0.2 GWh).
- Business combination with Ivanhoe Capital Acquisition Corp completed in early February; NYSE listing under ticker SES.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819142/000155837022008555/0001558370-22-008555-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819142/000155837022008555/ses-20220512x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-008555

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