Recent Updates — SES
On August 13, 2026, SES AI Corporation received notice from the New York Stock Exchange to commence delisting proceedings for its public warrants (ticker: SES WS) and immediately suspend trading in those securities due to abnormally low selling prices. Each warrant is exercisable for one share of Class A common stock at an exercise price of $11.50. The NYSE will apply to the SEC to complete the delisting process. Trading of the Company's Class A common stock (ticker: SES) remains unaffected and continues on the NYSE, subject to compliance with other listing requirements. SES AI Corporation operates in the artificial intelligence industry, developing autonomous driving technology.
SES AI Corporation reported second quarter 2026 financial results with revenue of $5.1 million, a 40% increase year-over-year from $3.5 million in Q2 2025, and an improved GAAP gross margin of 22.6%. The company affirmed its full-year 2026 revenue guidance of $30 million to $35 million and reported ending cash and short-term investments of approximately $163 million. Concurrently, the Board appointed Paul Diemer as a Class II director effective August 6, 2026; Diemer currently serves as Senior Vice President at Generac Power Systems and previously held executive roles at Flex Ltd. and BorgWarner. SES AI Corp. is an energy storage company that develops and manufactures AI-enhanced lithium-metal batteries for electric vehicles, drones, and stationary applications.
SES AI Corporation received a notice from the New York Stock Exchange on July 17, 2026, stating the company is not in compliance with Section 802.01C of the NYSE Listed Company Manual. The non-compliance is due to the Class A common stock's average closing price falling below $1.00 over a consecutive 30-trading-day period. The company intends to notify the NYSE of its plan to regain compliance within ten business days and may consider alternatives, such as actions requiring stockholder approval, to cure the deficiency during the six-month cure period. SES AI is a developer and manufacturer of AI-enhanced Li-Metal and Li-ion batteries.