- SES AI Corporation (SES, Financial) announces a $30 million share repurchase authorization.
- The company expects to conclude 2025 with over $200 million in liquidity.
- SES AI reaffirms its revenue guidance for 2025.
SES AI Corporation (SES), a leader in AI-enhanced high-performance Li-Metal and Li-ion battery development, has announced a new authorization for a $30 million share repurchase program. This initiative has been approved by the company's Board of Directors and demonstrates confidence in SES AI's financial projections for the future.
The company plans to execute the repurchase at management's discretion, potentially utilizing several methods such as open market purchases in alignment with Rule 10b-18 of the Securities Exchange Act of 1934. The share buyback may also be facilitated through privately negotiated transactions, with the timing and volume of shares to be influenced by various factors including market conditions and investment opportunities.
SES AI's CEO, Qichao Hu, emphasized that this move aligns with the company's focus on capital allocation to enhance shareholder value while maintaining a strong liquidity position. The company anticipates ending 2025 with liquidity surpassing $200 million, affirming its 2025 revenue guidance.
Founded in 2012, SES AI is at the forefront of electric transportation technology, pioneering advancements in Li-Metal battery innovations through the integration of superintelligent AI across its operations. Headquartered in Boston, the company operates globally with facilities in Singapore, Shanghai, and Seoul.
