SES AI Corporation (NYSE: SES)

This lawsuit is for anyone who acquired securities in SES AI Corporation (NYSE: SES) from January 29, 2025 through March 4, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by materially overstating the expected results that the Company could achieve through deals with companies that have limited or no operations.

On December 9, 2025, Wolfpack Research published a report alleging, among other things, that SES AI “promoted an AI product (“Molecular Universe”) that looks . . . like a Chat GPT wrapper to distract from its impending loss of two major customers, Honda and Hyundai, at the end of 2025” and that “[t]o replace this massive hold in their income statement, SES has purchased UZ Energy, a Chinese Energy Storage System (ESS) provider” which “appears to have little American presence.” Then, on March 4, 2026, SES AI released its fourth quarter and full year 2025 financial results, announcing 2026 revenue guidance below market expectations. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in SES AI Corporation (NYSE: SES) from January 29, 2025 through March 4, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.