SES AI Seeks 5:1 to 20:1 Reverse Split Authorization to Cure NYSE Delisting
SES sits 48% above its 52-week low of $0.491.
Summary
SES AI's proxy asks shareholders to authorize a reverse stock split of 5:1 to 20:1 to cure its NYSE minimum price deficiency before the January 17, 2027 deadline, alongside routine director elections and an officer exculpation amendment.
Key Events · Corporate Governance and Compliance · SES
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Reverse Split Authorization Sought
Board seeks authority to effect a reverse stock split at a ratio between 5:1 and 20:1, with the exact ratio set at the Board's discretion, to be implemented only if needed to regain NYSE compliance.
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NYSE Delisting Deadline January 17, 2027
The company remains below the NYSE's $1.00 minimum average closing price requirement; failure to cure by January 17, 2027 would trigger delisting proceedings, subject to appeal.
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Officer Exculpation Amendment Proposed
Proposal 5 would amend the charter to eliminate certain officers' personal liability for duty-of-care breaches under DGCL Section 102(b)(7), a new governance item.
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Annual Meeting December 10, 2026
Shareholders of record as of October 13, 2026 will vote on five proposals, including the reverse split, which requires two-thirds of outstanding voting power.
Analysis · SES · Manufacturing
SES AI is asking shareholders to approve a reverse stock split of 5:1 to 20:1, the company's main tool to regain compliance with the NYSE's $1.00 minimum share price requirement by January 17, 2027. Without approval, the Board has no authority to execute the split and the stock faces delisting. The proxy also seeks officer exculpation under Delaware law and re-elects two Class I directors. The reverse split does not change any holder's economic ownership percentage, but it can reduce liquidity and, if the share price does not rise proportionally, shrink the company's market capitalization.
How filings like this one have moved
In the 30 days to Oct 16, 2026, 36.9% of the 961 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SES was trading at $0.72 on NYSE in the Manufacturing sector, with a market capitalization of approximately $264.9M. The 52-week trading range was $0.49 to $3.60. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.