secwatch.observer — SEC 8-K summary
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Issuer:     SES AI Corp (SES)
CIK:        0001819142
Form:       8-K
Filed at:   2025-03-12T23:59:59+00:00
Accession:  0001819142-25-000020
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819142/000181914225000020/0001819142-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819142/000181914225000020/ses-20250307x8k.htm
  HTML page:      https://secwatch.observer/filing/0001819142-25-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer