Financial information

SES to Announce World’s Largest Li-Metal and Giga Battery Installation at Battery World

– (COMMERCIAL THREAD) – SES Holdings Pte. Ltd. :

WHAT: To rejoin HIS, manufacturer of innovative Li-Metal hybrid batteries developed for electric vehicle applications, at the first Battery World US where they will announce the world’s largest Li-Metal battery as well as plans for the largest Li-Metal battery production plant. Metal to the world.

In July 2021, SES announced its intention to list on the New York Stock Exchange (NYSE) through a merger with Ivanhoe Capital Acquisition Corp. (NYSE: IVAN) (“Ivanhoe Capital”). Upon closing of the transaction, the combined company will be listed on the New York Stock Exchange under the new ticker symbol “SES”.

WHEN: Wednesday, November 3, 2021 at 11 a.m. Eastern Time.

OR: https://batteryworld2021.ses.ai/

More information will be announced shortly.

ABOUT ITS

SES is a world leader in the development and initial production of high performance Li-Metal rechargeable batteries for electric vehicles (EVs) and other applications. Founded in 2012, SES is an integrated Li-Metal battery manufacturer with strong capabilities in materials, cells, modules, AI-powered safety algorithms, and recycling. Formerly known as SolidEnergy Systems, SES is headquartered in Singapore with operations in Boston, Shanghai and Seoul.

Additional information

This communication concerns the proposed business combination between Ivanhoe Capital Acquisition Corp. (“Ivanhoe”) and SES Holdings Pte. Ltd. (” HIS “). This communication does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, and there will be no sale of securities in any jurisdiction in which such offering, selling or trading would be illegal prior to registration or qualification under the securities laws of such jurisdiction. Ivanhoe has filed a registration statement on Form S-4 with the SEC, which includes a document that serves as a joint prospectus and proxy statement, called a proxy / prospectus, and which has not yet become effective. A proxy / prospectus will be sent to all Ivanhoe shareholders. No offer of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. Ivanhoe will also file other documents relating to the proposed business combination with the SEC. BEFORE MAKING ANY VOTING DECISIONS, IVANHOE INVESTORS AND HOLDERS ARE INVITED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT / PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SECRETARY AS PART OF THE PROPOSED BUSINESS COMBINATION AS AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION. Investors and security holders will be able to obtain free copies of the registration statement, proxy circular / prospectus and all other relevant documents filed or to be filed with the SEC by Ivanhoe through the website maintained. by the SEC at www.sec.gov. Documents filed by Ivanhoe with the SEC may also be obtained free of charge upon written request to Ivanhoe Capital Acquisition Corp., 1177 Avenue of the Americas, 5th Floor, New York, New York 10036.

Participants in the call for tenders

Ivanhoe, SES and their respective directors and officers may be considered participants in the solicitation of proxies from the shareholders of Ivanhoe in connection with the proposed business combination. You can find information about the directors and officers of Ivanhoe and their interest in Ivanhoe in Ivanhoe’s annual report on Form 10-K for the fiscal year ended December 31, 2020, which was filed with the SEC on March 31, 2021. The list of the names of the directors, officers, other members of management and employees of Ivanhoe and SES, as well as information regarding their interests in the business combination, are contained in the declaration of ‘registration on Form S-4 filed with the SEC by Ivanhoé. Additional information regarding the interests of such potential participants in the solicitation process may also be included in other relevant documents when filed with the SEC. You can obtain free copies of these documents from the sources listed above.

Forward-looking statements

All statements other than statements of historical fact contained in this communication are “forward-looking statements”. Forward-looking statements can generally be identified by the use of words such as “believe”, “may”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”. “,” Should, “” would “,” plan “,” project “,” foresee “,” predict “,” potential “,” appear “,” seek “,” future “,” prospect “,” target “and other similar expressions which predict or indicate future events or events or trends which are not statements of historical matters. These forward-looking statements include, without limitation, statements regarding estimates and forecasts of other financial and performance measures, projections of market opportunities and market share. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of the management of SES and Ivanhoe and are not predictions of actual performance. These forward-looking statements are provided for informational purposes only and are not intended to be used as and should not be taken by any investor as a guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and these differences may be material. Many real events and circumstances are beyond the control of SES and Ivanhoe. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to complete the business combination successfully or on time, including the risk that the required regulatory approvals will not be obtained, be delayed or be subject to unforeseen conditions that could adversely affect the combined company or the expected benefits of the business combination or that the approval of the shareholders of SES or Ivanhoe is not obtained; failure to realize the expected benefits of the business combination; risks related to the uncertainty of forecast financial information concerning SES; risks associated with the development and commercialization of SES battery technology and the timing and achievement of expected commercial milestones; the effects of competition on the business of SES; the risk that the business combination will disrupt the current plans and operations of Ivanhoe and SES as a result of the announcement and completion of the business combination; the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage its growth profitably, to maintain customer relationships and to retain its management and key employees; risks associated with SES’s history of no income and net losses; the risk that SES’s joint development agreements and other strategic alliances fail; risks associated with delays in the design, manufacture, regulatory approval and launch of SES battery cells; the risk that SES will not establish supply relationships for necessary components or pay for more expensive components than expected; risks associated with competition and the rapid development of the market for electric vehicle batteries; safety risks posed by certain components of SES batteries; the risks associated with the machines used in the production of SES batteries; risks associated with the willingness of commercial and specialty vehicle operators and consumers to adopt electric vehicles; risks associated with SES’s intellectual property portfolio; the amount of redemption requests made by public shareholders of Ivanhoe; the ability of Ivanhoe or the Merged Company to issue shares or equity related securities or to obtain debt financing as part of the business combination or in the future and the factors discussed in the Ivanhoe’s Annual Report on Form 10-K, filed with the US Securities and Exchange Commission (the “SEC”) on March 31, 2021, under “Risk Factors”, and other Ivanhoe filings or to file with the SEC regarding the business combination. If any of these risks materialize or if Ivanhoe’s or SES’s assumptions prove to be incorrect, actual results could differ materially from the results suggested by these forward-looking statements. There may be additional risks that neither Ivanhoe nor SES are currently aware of or that Ivanhoe and SES currently consider to be insignificant, which could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements reflect Ivanhoe and SES ‘expectations, plans or forecasts regarding future events and their views only as of the date of such communication. Ivanhoe and SES anticipate that subsequent events and developments will cause Ivanhoe’s and SES ratings to change. However, although Ivanhoe and SES may choose to update these forward-looking statements at some time in the future, Ivanhoe and SES expressly disclaim any obligation to do so. These forward-looking statements should not be taken as representing Ivanhoe’s and SES’s assessments as of a date subsequent to the date of this communication. Therefore, one should not place undue reliance on forward-looking statements.


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