SES AI receives NYSE delisting notice for low stock price; has six months to cure

SES AI Corp

NYSE notified SES on Sept 26, 2024 that its Class A common stock average closing price was below $1.00 over 30 consecutive trading days.
SES has a six-month cure period to regain compliance; can cure if closing price ≥$1.00 on last trading day of any calendar month with 30-day average ≥$1.00.
SES intends to notify NYSE within 10 business days of its plan to cure; may consider a reverse stock split requiring stockholder approval.
Trading of SES common stock (NYSE: SES) continues during the cure period, subject to other NYSE continued listing standards.

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