SES AI receives NYSE delisting notice for stock price below $1.00 over 30 days

SES AI Corp

NYSE notified SES AI on March 7, 2025 of non-compliance with Section 802.01C due to avg closing price <$1.00 over 30 consecutive trading days.
Company has six-month cure period; can regain compliance if stock closes at >= $1.00 on last trading day of any month and avg over 30 days >= $1.00.
If cure requires shareholder action (e.g., reverse stock split), price condition deemed cured if stock exceeds $1.00 and stays above for 30 trading days.
Class A common stock continues trading on NYSE during cure period, subject to other listing standards.
SES AI intends to notify NYSE of intent to regain compliance and consider available alternatives.

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