SES AI (US:SES)2025-08-04 20:15Acquisition Details - SES AI Corporation entered into a Share Transfer and Share Purchase Agreement to acquire 100% of UZ Energy for approximately RMB 183,460,000 ($25,480,556) [4] - The acquisition consideration includes a capital contribution of RMB 90,000,000 ($12,500,000) and additional payments contingent on UZ Energy's performance [5] - The closing of the acquisition is expected in Q3 2025, subject to regulatory approvals and other customary conditions [6] - The total consideration includes performance-based adjustments based on UZ Energy's revenue and cash balances in 2026 [5] - The agreement includes customary representations, warranties, and covenants, along with indemnification provisions [6] Financial Information - Preliminary unaudited revenue results for Q2 2025 will be disclosed in a press release on July 28, 2025 [9] - The financial information in the press release is preliminary and subject to finalization, indicating potential material variations from estimates [10] - The press release regarding the acquisition will be included in the Company's Quarterly Report for Q3 2025 [8] Strategic Objectives - The acquisition aims to enhance SES AI's capabilities in energy storage solutions, targeting both domestic and international markets [4] - The company emphasizes that forward-looking statements regarding the acquisition involve substantial risks and uncertainties [13]