SES to list on NYSE via combination with Ivanhoe Capital Acquisition Corp.

SES Holdings Pte. Ltd., a lithium-metal battery supplier for EVs, entered a definitive agreement to combine with SPAC Ivanhoe Capital Acquisition Corp. The deal values the combined company at approximately $3.6 billion and is expected to provide SES up to $476 million in gross proceeds.

“The transaction will create the first publicly-traded hybrid Li-Metal battery company that combines the high energy density of Li-Metal with cost effective manufacturability at scale.”sec.gov

• 2 sources
• sec.govJul 13, 2021
• prnewswire.comSES, a Lithium-Metal battery supplier for electric vehicles, to list on NYSE via combination with Ivanhoe Capital Acquisition Corp. (NYSE: IVAN)Ivanhoe Capital Acquisition Corp.Jul 13, 2021

Summarized from public sources; check the original articles before acting on it.