SES AI regains NYSE compliance as share price stays above $1 threshold

SES AI Corp (NYSE:SES) announced Monday that it has regained compliance with the New York Stock Exchange’s continued listing standards. According to a statement based on an SEC filing, the company received written notice from the NYSE on August 1 confirming that the average closing price of its Class A common stock was above $1.00 for the 30-trading day period ending July 31.

The company was previously notified on March 7 that it was not in compliance with Section 802.01C of the NYSE Listed Company Manual, which requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period.

SES AI Corp’s Class A common stock and warrants continue to trade on the New York Stock Exchange under the symbols (NYSE:SES) and (NYSE:SES) WS, respectively.

The information in this article is based on a press release statement contained in the company’s recent SEC filing.

In other recent news, SES AI Corporation reported preliminary second-quarter revenue of $3.5 million, achieving a 74% gross margin. The company also confirmed its full-year revenue guidance of $15 million to $25 million. In a strategic move to expand its energy storage systems market, SES AI announced an agreement to acquire UZ Energy for approximately $25.5 million, with the acquisition expected to close in the third quarter of 2025. The company also unveiled a new version of its battery research platform, Molecular Universe 0.5, featuring the "Deep Space" capability aimed at accelerating battery research and development. Cantor Fitzgerald maintained an Overweight rating on SES AI, with a $2.00 price target, based on a sum-of-the-parts valuation approach. The valuation considers SES AI’s battery products and service sales divisions, as well as its net cash position, with adjustments for anticipated cash burn. SES AI’s recent developments reflect its focus on enhancing its technological capabilities and expanding its market presence.

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