SES AI Corporation announced on March 7, 2025, that it received a notice from the New York Stock Exchange (NYSE) indicating non-compliance with Section 802.01C of the NYSE Listed Company Manual. This is due to the average closing price of its Class A common stock falling below $1.00 per share over a 30-consecutive trading day period.
This marks the second such notice received by the company within six months, following a similar notice in September 2024 which was subsequently cured. SES AI stated its intent to respond to the NYSE within 10 business days to outline its plan to regain compliance.
The company's Class A common stock will continue to be listed and traded on the NYSE during the six-month cure period, provided it adheres to other listing standards. The repeated notice highlights ongoing volatility in the company's stock price and the challenge of maintaining its listing status.
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