#USA #New York #Levi & Korsinsky #SES AI Corporation #Qichao Hu

Important Notification for SES AI Investors

Levi & Korsinsky, LLP is advising investors in SES AI Corporation (NYSE: SES) about an upcoming deadline related to a securities class action. This notice is critical for stakeholders who purchased shares during the designated class period from January 29, 2025, to March 4, 2026. Understanding the implications of this pending action is essential for those who may have suffered financial losses.

Overview of the Class Action

The lawsuit centers around allegations of misleading financial disclosures under the leadership of SES AI's CEO, Qichao Hu. Significant claims against the company suggest that it engaged in the certification of inaccurate financials, effectively obscuring the company's true operational state by presenting inflated revenue figures and partnerships that lacked valid backing. On March 5, 2026, SES AI faced a steep decline in share price, dropping $0.63 per share, equivalent to a 36.8% decrease, following disappointing revenue projections that were drastically below analyst expectations, surfacing growing concerns regarding the company's actual financial health and operational integrity.

Details of the Allegations

The complaint asserts that Hu, who has been pivotal in the company's operations and public communications, directly influenced material announcements. These included public assertions of successful partnerships with unspecified entities, which purportedly generated unrealistically high revenue estimates. As an essential figure, Hu is argued to have participated in drafting and promoting optimistic press releases that overstated SES AI's prospects. For instance, he was involved in announcing pivotal deals, claiming substantial income from a crypto mining operation that reportedly had little operational credibility.

Section 20(a) Control Person Framework

Under Section 20(a) of the Securities Exchange Act, individuals are held liable if they control entities that infringe upon public securities laws. The current case identifies Hu's responsibility in directing SES AI's operations, including false certifications related to the financial state of the corporation. Notably, he signed documents indicating adherence to the Sarbanes-Oxley Act, assuring shareholders that all discrepancies were disclosed when, in reality, crucial details about operational shortcomings remained hidden.

Investor Participation and Lead Plaintiff

For potential participants in this class action, deadlines are approaching. To maintain status as a lead plaintiff, investors are urged to file by June 26, 2026. The role of a lead plaintiff is vital, as this representative will handle oversight on behalf of the entire class of investors, ensuring accountability and representing collective interests in recovery efforts. Importantly, previous ownership of shares is not a prerequisite for recovering losses; those who sold during the class period may still be eligible if they can illustrate incurred losses.

How to Participate

Individuals interested in participating in the class action should gather relevant information regarding their investment timeline. The firm takes on securities cases under a contingency basis, meaning no upfront costs will be incurred by participating investors. This mechanism places no financial risk on the plaintiffs, aligning the interests of the law firm with that of the investors.

Additional Information and Resources

Joseph E. Levi, Esq., and his team at Levi & Korsinsky have a long-standing track record in shareholder litigation, having recovered significant sums for investors across multiple class actions. Investors seeking further guidance are encouraged to reach out directly via phone or email for personalized assistance.

In conclusion, SES AI Corporation stands at a critical juncture, and the actions of its executives are now under intense scrutiny. Investors should remain aware of these developments to secure their rights and consider their options for recovery as this situation unfolds.