SES AI Corporation Tackles NYSE Compliance Challenge

SES AI Corporation Class A ( (SES) ) has provided an announcement.

SES AI Corporation has received a notice from the NYSE for not meeting the minimum average closing stock price requirement but the company’s Class A common stock will continue to trade during the compliance period. SES AI plans to notify the NYSE of its intent to regain compliance within six months. If the company’s stock price reaches $1.00 on the last trading day of any month and maintains that average over 30 days, the deficiency will be cured. They may also consider actions requiring stockholder approval to address the issue and are confident in their ability to resolve this without affecting their listing status.

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