By Chris Wack
SES AI shares were 14% higher, to $1.32, after the company said it has received a letter from the New York Stock Exchange notifying it that it has regained compliance with the NYSE's continued listing criterion for minimum share price.
The Li-Metal and Li-ion batteries received a notice from the NYSE in September that it wasn't in compliance of the NYSE Listed Company Manual because the average closing price of its Class A stock was less than $1 a share over a period of 30 consecutive trading days, which is the minimum average closing price required to maintain continued listing on the NYSE.
SES AI shares hit their 52-week high of $2.53 on Jan. 6, and are flat over the past 12 months.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 04, 2025 10:08 ET (15:08 GMT)
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