Filing Details

Accession Number:
0001193125-23-030024
Form Type:
13G Filing
Publication Date:
2023-02-08 19:00:00
Filed By:
Sk Inc.
Company:
Ses Ai Corp
Filing Date:
2023-02-09
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
SK Inc 42,007,759 0 42,007,759 0 42,007,759 13.73%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

SES AI Corporation

(Name of Issuer)

Class A Common Stock, $0.0001 par value

(Title of Class of Securities)

78397Q109

(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of this Statement)

 

 

Check the Appropriate Box to Designate the Rule Pursuant to Which this Schedule Is Filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


  1.    

  Names of Reporting Persons

 

  SK Inc.

  2.  

  Check The Appropriate Box if a Member of a Group (See Instructions)

 

  (a)  ☐        (b)  ☐

  3.  

  SEC Use Only

 

  4.  

  Citizenship or Place of Organization

 

  South Korea

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5.    

  Sole Voting Power

 

  42,007,759

   6.  

  Shared Voting Power

 

  0

   7.  

  Sole Dispositive Power

 

  42,007,759

   8.  

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  42,007,759 (1)

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  13.73%(2)

12.  

  Type of Reporting Person (See Instructions)

 

  CO

 

(1)

Represents (i) 38,178,731 shares of Class A Common Stock and (ii) 3,829,028 shares of Class A Common Stock that will be issued to the reporting person if the closing price of shares of the Class A Common Stock is equal to or greater than $18.00 during the period beginning on the date that is the one year following the closing of the Business Combination (the Closing) and ending on the date that is five years following such closing (the Earn-Out Shares).

 

(2)

Calculated based on 305,943,955 shares of Class A Common Stock outstanding as of 2022-11-04 as reported on the Issuers Form 10-Q, filed on 2022-11-14.


Item 1(a).    Name of Issuer:
   SES AI Corporation (the Issuer)
Item 1(b).    Address of Issuers Principal Executive Offices:
  

35 Cabot Rd.

Woburn, MA 01801

Item 2(a).    Names of Persons Filing:
  

This statement is filed by SK Inc., who is referred to herein as the Reporting Person.

Item 2(b).    Address of the Principal Business Office or, if None, Residence:
  

26, Jong-Ro, Jongno-Gu

Seoul, South Korea 03188

Item 2(c).    Citizenship:
   See responses to Item 4 on each cover page.
Item 2(d).    Title of Class of Securities:
   Class A Common Stock, $0.0001 par value
Item 2(e).    CUSIP Number:
   78397Q109
Item 3.    If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a(n):
   Not Applicable.
Item 4.   

Ownership.

 

(a)   Amount beneficially owned:

 

See response to Item 9 on each cover page.

 

(b)  Percent of Class:

 

See response to Item 11 on each cover page.

 

(c)   Number of shares as to which the Reporting Person has:

 

(i) Sole power to vote or to direct the vote:

 

See response to Item 5 on each cover page.

 

(ii)  Shared power to vote or to direct the vote:

 

See response to Item 6 on each cover page.

 

(iii)  Sole power to dispose or to direct the disposition of:

 

See response to Item 7 on each cover page.

 

(iv) Shared power to dispose or to direct the disposition of:

 

See response to Item 8 on each cover page.


 

The reported securities are held directly by SK Inc. The filing of this Statement shall not be construed as an admission that the Reporting Person is, for the purpose of Section 13(d) or 13(g) of the Exchange Act, the beneficial owner of any securities covered by this Statement.

 

Item 5.    Ownership of Five Percent or Less of a Class.
   Not Applicable.
Item 6.    Ownership of More than Five Percent on Behalf of Another Person.
   Not Applicable.
Item 7.    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
   Not Applicable.
Item 8.    Identification and Classification of Members of the Group.
   Not Applicable.
Item 9.    Notice of Dissolution of Group.
   Not Applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 9, 2023

 

By:  

/s/ Keun Joon Jang

  Name: Keun Joon Jang
 

Title: VP, Head of Financial

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