secwatch.observer — SEC 8-K summary
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Issuer:     SES AI Corp (SES)
CIK:        0001819142
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0001819142-24-000038
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819142/000181914224000038/0001819142-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819142/000181914224000038/ses-20240926x8k.htm
  HTML page:      https://secwatch.observer/filing/0001819142-24-000038

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