SES AI Corp. faces a securities class action alleging fabricated partnerships and inflated revenue. The lead plaintiff deadline is June 26, 2026, for investors who purchased shares between Jan. 29, 2025 and March 4, 2026.
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SES AI faces class action over $20M guidance miss, phantom deals
SES AI Corp. faces a securities class action alleging it fabricated partnerships with entities operating from residential homes and undeveloped land, with 2026 guidance missing estimates by nearly $20 million.
"Investors who purchased SES securities between Jan. 29, 2025 and March 4, 2026 should contact us to discuss their legal rights before the June 26 deadline," Josh Wilson, securities litigation partner at Faruqi & Faruqi, said.
On March 4, 2026, SES reported fourth-quarter and full-year 2025 results, disclosing that logistics constraints delayed shipments, pushing about $1.5 million of expected revenue into the first quarter of 2026. The disclosure followed a Jan. 16 presentation at the Needham Growth Conference where the company discussed its growth outlook without mentioning the delays. SES shares fell 36.84 percent, or $0.63, to close at $1.08 on March 5.
The complaint alleges SES overstated business prospects through deals with companies that had limited or no operations and created an artificial appearance of revenue by purchasing services in exchange for purchases of Molecular Universe. The lead plaintiff deadline is June 26, 2026.
The class period covers Jan. 29, 2025 through March 4, 2026. Investors who acquired SES securities during this window and suffered losses may be eligible to participate. The court-appointed lead plaintiff is typically the investor with the largest financial interest who is adequate and typical of class members.
The Rosen Law Firm has also filed a related action, reminding purchasers of the same June 26 lead plaintiff deadline. Both firms are investigating claims that SES AI violated federal securities laws by making false and misleading statements about its business, operations, and prospects.
SES AI, which trades on the New York Stock Exchange under the ticker SES, develops lithium-metal batteries for electric vehicles. The company went public via a SPAC merger in 2022 and had positioned itself as a leader in next-generation battery technology for the EV market.
The class action adds legal risk to a stock already under pressure from its 2026 guidance miss. Investors will watch for any additional disclosures or restatements as the lead plaintiff deadline approaches on June 26.
This article is for informational purposes only and does not constitute investment advice.
[1] SES Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in SES AI Corporation Securities Lawsuit - Contact SueWallSt[2] FinancialContent - SES UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds SES AI Corporation (SES) Investors of Securities Class Action Lawsuit Deadline on June 26, 2026 - FinancialContent[3] SES UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds SES AI Corpor - The National Law Review[4] SES UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds SES AI - GlobeNewswire[5] SES AI Corporation Deadline: SES Investors with Losses in Excess of $100K Have Opportunity to Lead SES AI Corporation Securities Fraud Lawsuit Filed by The Rosen Law Firm - PR Newswire
