SES AI Corporation faces a securities class action lawsuit after its stock declined 37% following weak 2026 revenue guidance. Investors who purchased shares between Jan. 29, 2025 and March 4, 2026 have until June 26 to seek lead plaintiff status.
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SES AI faces class action as 37% stock decline follows weak guidance
SES AI Corporation faces a securities class action after its stock plunged 37% on weak 2026 revenue guidance, according to a lawsuit filed June 14.
"The company overstated its business prospects by materially overstating the expected results that could be achieved by deals with companies that have limited or no operations," the complaint alleges.
The lawsuit covers investors who bought SES AI securities between Jan. 29, 2025 and March 4, 2026. It alleges the company created an appearance of revenue by purchasing services in exchange for purchases of Molecular Universe and faced logistics constraints that materially affected fourth-quarter 2025 revenue.
Investors have until June 26 to seek lead plaintiff status. The case was first filed by Rosen Law Firm, with Bronstein, Gewirtz & Grossman and Kahn Swick & Foti also announcing investor deadlines.
The complaint, filed in federal court, alleges that SES AI made false and misleading statements about its business operations and prospects throughout the Class Period. Specifically, the company's positive statements regarding growth prospects were contradicted by material logistics constraints in the fourth quarter of 2025, which the company failed to disclose, according to the lawsuit. Those constraints materially affected Q4 2025 revenue, and the subsequent lower-than-expected 2026 revenue guidance confirmed the issues, the complaint states.
SES AI, which develops lithium-metal batteries for electric vehicles, raised approximately $600,000 from nearly 200 investors through an initial coin offering, according to a separate SEC enforcement action against the company's founder. The SEC alleged the ICO involved unregistered and fraudulent securities offerings, though the founder settled without admitting or denying the allegations.
The 37% decline puts the stock at levels that test investor confidence in the battery maker's turnaround prospects. The June 26 lead plaintiff deadline will determine which investor group directs the litigation, a decision that can influence settlement timing and terms.
This article is for informational purposes only and does not constitute investment advice.
[1] SES AI Corporation Securities Fraud Class Action Result of Weak Revenue Guidance and 37% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC[2] Bronstein, Gewirtz & Grossman LLC Urges SES AI Corporation Investors to Act: Class Action Filed Alleging Investor Harm - Carroll County Mirror-Democrat[3] SES AI DEADLINE: ROSEN, THE FIRST FILING FIRM, Encourages - GlobeNewswire[4] Two New Large Libel Models Lawsuits, Though Alleging Mischaracterization Rather Than Outright Hallucination[5] Microsoft sued by shareholders over expenses, cloud business, AI
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