SES AI Corporation Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share (SES.WS)
Company News
SES AI Corporation experienced a significant stock drop after reporting Q2 earnings that missed analyst expectations, with lower-than-anticipated revenue and wider-than-expected losses, despite maintaining a positive outlook for year-end revenue.
The WAVE Consortium held its first working group meeting, focused on advancing virtualization and interoperability in the satellite communication (SATCOM) industry. The group aims to establish open standards, enable virtualization and automation, and drive innovation in the SATCOM ecosystem.
SES AI Corp's Chief Science Officer, Gan Hong, sold 25,000 shares of Class A Common Stock for around $29,220 under a pre-arranged trading plan. The company has been making progress in electric vehicle and urban air mobility battery technologies, but is facing financial challenges with losses per share and a significant stock price decline.