Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our Class A common stock is traded on The New York Stock Exchange (the “NYSE”) under the symbol “SES.” Our public warrants are traded on the NYSE under the symbol “SES WS.”
Holders of Record
As of February 21, 2024, there were 125 holders of record of our Class A common stock and one holder of record of our public warrants. Such numbers do not include Depository Trust Company (“DTC”) participants or beneficial owners holding shares through nominee names.
There is no public market for our Class B common stock and one holder of record of our Class B common stock as of February 21, 2024.
Dividends
We have not paid any cash dividends on our shares of Class A common stock to date and do not anticipate paying any cash dividends for the foreseeable future. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition as well as general business conditions. The payment of any cash dividends will be within the discretion of the Board at such time.
Recent Sales of Unregistered Securities
None.
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Stock Performance Graph
The following graph shows the changes in cumulative total return on $100 invested in each of our Class A common stock, the NYSE Composite Index, the Amplify Lithium & Battery Technology ETF and the Global X Lithium & Battery Tech ETF, for the period beginning on February 4, 2022 (the first date that our Class A common stock began trading on the NYSE under the ticker symbol "SES") and ending on December 31, 2023, assuming reinvestment of all dividends. During 2023, we changed our peer indices to the Amplify Lithium & Battery Technology ETF and the Global X Lithium & Battery Tech ETF given these indices track companies in our industry, and given that the AXS De-SPAC ETF, which we used as a peer index in our prior year filing, was liquidated in February 2023, and thus it is not shown in the graph below. The comparisons in this graph are required by the SEC and are not intended to forecast or be indicative of the possible future performance of our common stock.
The material in this performance graph shall not be deemed to be filed with the SEC and is not incorporated by reference in any filing of SES AI Corporation under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made on, before or after the date of this filing and irrespective of any general incorporation language in such filing.
Item 6. [Reserved]
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.