Summary by Moomoo AI
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.
