SES AI Corporation received a notice from NYSE on September 26, 2024, stating non-compliance with Section 802.01C due to its Class A common stock's average closing price falling below $1.00 over 30 consecutive trading days. The company intends to regain compliance within the six-month cure period.SES AI can regain compliance if its stock closes at $1.00 or above and maintains an average closing price of $1.00 or higher over a 30-day trading period. The company is considering alternatives to address the issue, including actions that may require stockholder approval. During this period, SES AI's Class A common stock will continue trading on NYSE, subject to compliance with other listing standards.The company issued a press release on September 27, 2024, announcing the notice receipt. SES AI remains committed to maintaining its NYSE listing and will explore options to meet the continued listing requirements.

SES AI Corporation received a notice from NYSE on September 26, 2024, stating non-compliance with Section 802.01C due to its Class A common stock's average closing price falling below $1.00 over 30 consecutive trading days. The company intends to regain compliance within the six-month cure period.SES AI can regain compliance if its stock closes at $1.00 or above and maintains an average closing price of $1.00 or higher over a 30-day trading period. The company is considering alternatives to address the issue, including actions that may require stockholder approval. During this period, SES AI's Class A common stock will continue trading on NYSE, subject to compliance with other listing standards.The company issued a press release on September 27, 2024, announcing the notice receipt. SES AI remains committed to maintaining its NYSE listing and will explore options to meet the continued listing requirements.