SES AI notifies NYSE of $1.00 minimum price noncompliance; plans to seek cure within six-month period

Seeking Alpha ·

NYSE has notified that SES AI ( SES ) is not in compliance as the average closing price of its Class A common stock was below $1.00 over a 30-consecutive-trading-day period. The company said it will respond to the NYSE within 10

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SES AI has been notified by the NYSE of non-compliance with continued listing standards after its closing price remained below $1.00 for 30 consecutive trading days. The company announced plans to restore its stock price above $1.00 within the next six months. This event reflects market skepticism regarding the capital-raising capabilities and commercialization progress of EV battery startups, warranting investor caution.

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