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Headlines
- SES AI has received a notice from the NYSE regarding its stock price, with an opportunity to regain compliance within a set period.
- The company can meet the NYSE requirements by maintaining its share price above $1.00 for 30 consecutive trading days during the cure period.
- SES AI's stock will remain listed and traded on the NYSE as long as other listing standards are maintained.
SES AI has been notified by the NYSE regarding its stock price, which has fallen below the required threshold. The company has a six-month window to regain compliance. If the company's Class A common stock reaches a closing share price of at least $1.00 on the last trading day of any month during this period, and maintains an average price of $1.00 over a 30-day span, compliance will be restored.
If SES AI takes action that requires stockholder approval, such as a strategic move during its next annual meeting, the compliance will be considered met once the stock price exceeds $1.00 per share and remains above that level for 30 trading days.
During this period, SES AI's stock will continue to be listed and traded on the NYSE, provided it meets other listing standards required by the exchange.
