SES Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in SES AI Corporation Securities Lawsuit - Contact Levi & Korsinsky
PR Newswire
NEW YORK, June 17, 2026
SES AI Projected $45 Million in Battery Storage Deals and "Exciting Competitive Advantage" — Investors Got Swampland Addresses, Phantom Partners, and a 36.8% Stock CollapseNEW YORK, June 17, 2026 /PRNewswire/ -- SES AI Corporation promised investors a pipeline of transformative deals and rapid commercialization. The reality, according to a securities class action, was phantom partnerships with entities operating from residential homes and undeveloped land, circular revenue schemes, and 2026 guidance that missed Wall Street expectations by nearly $20 million.
Find out if you can recover your SES AI investment losses or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) 363-7500.SES AI (NYSE: SES) shares dropped $0.63, or 36.8%, closing at $1.08 on March 5, 2026 after the company disclosed 2026 revenue guidance of just $30 million to $35 million against analyst expectations of $51.67 million. The lead plaintiff deadline is June 26, 2026.The PromiseBetween January 2025 and January 2026, SES AI built an investor narrative around several ambitious announcements:An MOU with AISPEX targeting up to $45 million for battery energy storage deployment at a Texas crypto mining siteA "significant purchase order" with Data Blanket for high-margin Li-Metal drone cells, touted as carrying 63% gross marginsAcquisition of Shenzhen UZ Energy for $25.5 million, positioning SES AI in the "$300 billion ESS market"A joint venture term sheet with Hisun New Energy Materials to commercially supply electrolyte materials discovered by the Molecular Universe AI platformRevenue of $16.4 million booked in the first three quarters of 2025, with full-year guidance of $20 million to $25 millionManagement described these developments as evidence of an "exciting competitive advantage" and a pathway to recurring, scalable revenue.The RealityThe lawsuit contends that the gap between these projections and what actually existed was vast:AISPEX: Site visits revealed a "ramshackle building" with signage for a different company; no evidence of meaningful crypto mining operations existed at the address, according to the complaintData Blanket: A startup with approximately 10 employees; the action claims no record exists of SES ever shipping Li-Metal cells to the companyUZ Energy: Described as a low-margin, China-based business whose U.S.-related entity shared an address with two other companies and a registered agent who had settled allegations of participating in a $1 billion Ponzi schemeHisun Joint Venture: The complaint alleges Hisun's planned Texas manufacturing facility remained undeveloped swampland, its U.S. corporate address was a residential home, and it appeared to employ only one person in the United StatesMolecular Universe Revenue: A former employee quoted in the complaint described circular transactions where SES would purchase equipment from suppliers who would then buy Molecular Universe licenses, creating an appearance of software demandThe Numbers: Promised vs. ActualWhat Was PromisedWhat Investors GotUp to $45M AISPEX pipelineNo documented progress; headquarters occupied by different company"Significant" Data Blanket order at 63% marginNo evidence of product deliveryHisun JV leveraging "existing manufacturing capacity"Undeveloped swampland and a residential address$51.67M expected 2026 revenue (analyst consensus)$30M-$35M guidance, a 32%-42% shortfall2025 remaining performance obligations92% year-over-year decline in Q3 2025What the Lawsuit Alleges About the GapThe complaint charges that these were not ordinary business setbacks but rather a pattern of promoting deals with entities that lacked the capacity, infrastructure, or operational substance to generate the revenues SES AI described to investors."Companies that make specific promises to investors about future performance have an obligation to disclose known risks to those projections. When projected deal values are built on partnerships that may lack operational substance, investors deserve to know before they commit capital." — Joseph E. Levi, Esq.Calculate whether you qualify to recover losses from SES AI or call (212) 363-7500.LEAD PLAINTIFF DEADLINE: June 26, 2026Levi & Korsinsky, LLP is a nationally recognized shareholder rights firm. Over the past 20 years, the firm has secured hundreds of millions of dollars for aggrieved shareholders. Ranked in ISS Top 50 for seven consecutive years.Frequently Asked Questions About the SES LawsuitQ: What specific misstatements does the SES lawsuit allege? A: The complaint alleges SES AI made materially false or misleading statements regarding its business partnerships with AISPEX, Data Blanket, and Hisun, the legitimacy of Molecular Universe revenue, and the company's growth prospects during the class period. When the true state was revealed, the stock price declined sharply.Q: When did SES AI allegedly mislead investors? A: The class period runs from January 29, 2025 to March 4, 2026. The alleged fraud was revealed through a Wolfpack Research report on December 9, 2025 and the company's Q4 2025 earnings call on March 4, 2026, which disclosed logistics constraints and below-expectation 2026 guidance.Q: What do SES investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at jlevi@levikorsinsky.com or (212) 363-7500. No immediate action is required to remain eligible as a class member.Q: What if I already sold my SES shares — can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. You submit a claim form to receive your portion of recovery.Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.Q: What if I missed the lead plaintiff deadline? A: The deadline applies only to investors seeking lead plaintiff appointment. Class members who miss it can still participate in any settlement or recovery.CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.Ed Korsinsky, Esq.33 Whitehall Street, 27th FloorNew York, NY 10004jlevi@levikorsinsky.comTel: (212) 363-7500Fax: (212) 363-7171
