SES AI (SES) Registration filing summary

Company overview and business model

• Develops and manufactures high-performance, AI-enhanced lithium-metal and lithium-ion rechargeable battery technologies and materials for energy storage, urban air mobility, drones, robotics, electric vehicles, and other applications.

• Utilizes advanced AI across R&D, materials sourcing, cell design, engineering, manufacturing, and battery health and safety monitoring.

• Mission is to accelerate the global energy transition through material discovery and battery management.

• Incorporated in 2020 as a Cayman Islands entity, domesticated to Delaware in 2022 following a business combination.

Financial performance and metrics

• Qualifies as a "smaller reporting company" under SEC rules, allowing reduced disclosure obligations and only two years of audited financials.

• Class A common stock closed at $1.22 on April 23, 2026, and is listed on the NYSE under the symbol "SES."

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate and working capital purposes.

• Pending use, proceeds may be invested in capital preservation instruments such as U.S. government obligations and investment-grade instruments.

• Management has broad discretion over use of funds, which may not enhance operating results or stock price.