# 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.

- Type: Acquisition
- Announced: 2021-07-13
- Where: New York, New York, United States
- Value: $3.60B
- Status: announced
- Products: lithium-metal rechargeable batteries for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [SES Holdings Pte. Ltd.](https://endata.com/companies/56422.md) (target)
- [Ivanhoe Capital Acquisition Corp.](https://endata.com/companies/56423.md) (acquirer)
- [SES Holdings](https://endata.com/companies/56434.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1819142/000110465921091435/tm2122015d1_ex99-2.htm), 2021-07-13: "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."
- [prnewswire.com](https://www.prnewswire.com/news-releases/ses-a-lithium-metal-battery-supplier-for-electric-vehicles-to-list-on-nyse-via-combination-with-ivanhoe-capital-acquisition-corp-nyse-ivan-301332319.html), 2021-07-13: "The transaction is expected to provide SES up to $476 million in gross proceeds to fund expansion plans, including $200 million from fully-committed common stock PIPE at $10.00 per share."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.