SES AI Corporation Class A (SES) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
SES AI Corporation Class A faces a significant business risk as it struggles to meet the NYSE’s continued listing requirements, specifically the Section 802.01C minimum share price standard. Having received a deficiency notice on September 26, 2024, the company has six months to regain compliance, failing which could lead to delisting. This situation poses potential adverse effects on the trading market for its shares, including reduced liquidity and diminished investment value. If delisting occurs and no alternative exchange listing is secured, the company’s securities might be relegated to over-the-counter markets, further complicating investor relations and future financing opportunities.
Overall, Wall Street has a Moderate Sell consensus rating on SES stock based on 1 Sell and 1 Hold.
To learn more about SES AI Corporation Class A’s risk factors, click here.