SES AI Corporation received a notice from NYSE on September 26, 2024, indicating non-compliance with listing standards as its Class A common stock's average closing price fell below $1.00 over 30 consecutive trading days. The company has a six-month cure period to regain compliance.The company can regain compliance if its stock achieves a closing price of at least $1.00 and maintains an average closing price of $1.00 over a 30-day trading period during the cure period. Alternatively, if stockholder approval is required for remedial actions like a reverse stock split, compliance will be deemed restored if the stock price promptly exceeds $1.00 and remains above that level for at least 30 trading days.During this period, SES AI's Class A common stock will continue trading on NYSE, subject to other listing standards compliance. The company intends to notify NYSE of its plans to address the deficiency and will consider available alternatives to cure the stock price non-compliance.

SES AI Corporation received a notice from NYSE on September 26, 2024, indicating non-compliance with listing standards as its Class A common stock's average closing price fell below $1.00 over 30 consecutive trading days. The company has a six-month cure period to regain compliance.The company can regain compliance if its stock achieves a closing price of at least $1.00 and maintains an average closing price of $1.00 over a 30-day trading period during the cure period. Alternatively, if stockholder approval is required for remedial actions like a reverse stock split, compliance will be deemed restored if the stock price promptly exceeds $1.00 and remains above that level for at least 30 trading days.During this period, SES AI's Class A common stock will continue trading on NYSE, subject to other listing standards compliance. The company intends to notify NYSE of its plans to address the deficiency and will consider available alternatives to cure the stock price non-compliance.