SES AI Receives Continued Listing Notice From NYSE; Intends To Return To Compliance With NYSE Standard; Notice Does Not Impact Trading Of The Company's Class A Common Stock
Portfolio Pulse from Benzinga Newsdesk
SES AI has received a notice from the NYSE for non-compliance due to its stock price being below $1.00 for 30 consecutive days. The company plans to address this issue to meet NYSE standards. Trading of its Class A common stock remains unaffected.
September 27, 2024 | 8:16 pm
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SES AI received a non-compliance notice from the NYSE due to its stock price being below $1.00 for 30 days. The company intends to rectify this to comply with NYSE standards. Trading is not impacted.
The notice indicates a risk of delisting if SES AI does not address the stock price issue, which could negatively impact investor sentiment. However, the company's intent to comply and the unaffected trading status mitigate immediate concerns.
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