10-K Filing

SES AI CORP CIK: 1819142 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001193125-22-092102`
Period End Date	20211231
Filing Date	20220331
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	d251271d10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 14 Cash Flow Statement 60 Stockholders Equity 11

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value, (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value, (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$117.28K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$161.27K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$608.90K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$726.19K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$161.27K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$276.06M	USD	Point-in-time
Deferred offering costs associated with Initial Public Offering	`DeferredCosts`	$413.04K	USD	Point-in-time
Total Assets	`Assets`	$574.31K	USD	Point-in-time
Total Assets	`Assets`	$276.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$89.02K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.79K	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$20.53K	USD	Point-in-time
Purchase price, per unit	`SharesIssuedPricePerShare`	$10.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$68.35K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$795.59K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$500.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$905.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$582.13K	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$4.89M	USD	Point-in-time
Convertible note - related party	`NotesPayableRelatedPartiesNoncurrent`	$1.15M	USD	Point-in-time
Deferred underwriting commissions	`DeferredUnderwritingFeePayableNoncurrent`	$9.66M	USD	Point-in-time
Derivative warrant liabilities	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$25.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$582.13K	USD	Point-in-time
Total liabilities	`Liabilities`	$41.93M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.31K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.82K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	-	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-7.82K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-41.15M	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$276.78M	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$574.31K	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.24M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$32.82K	USD	2 Qtrs
General and administrative expenses - related party	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$120.00K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$32.82K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$7.36M	USD	Annual
Income from investments held in Trust Account	`GainLossOnInvestments`	$57.97K	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$3.18M	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	2 Qtrs
Change in fair value of convertible note - related party	`FairValueAdjustmentOfConvertibleDebtWithRelatedParties`	$207.99K	USD	Annual
Change in fair value of convertible note - related party	`FairValueAdjustmentOfConvertibleDebtWithRelatedParties`	-	USD	2 Qtrs
Offering costs - derivative warrant liabilities	`OfferingCostsWarrantsIssuance`	$855.04K	USD	Annual
Offering costs - derivative warrant liabilities	`OfferingCostsWarrantsIssuance`	-	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-32.82K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-11.54M	USD	Annual

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-11.54M	USD	Annual
Net loss	`ProfitLoss`	$-32.82K	USD	2 Qtrs
General and administrative expenses paid by Sponsor in exchange for issuance of Class B ordinary shares	`GeneralAndAdminstartiveExpensesPaidBySponsorInExchangeForIssuanceOfClassBOrdinaryShares`	$25.00K	USD	2 Qtrs
General and administrative expenses paid by Sponsor in exchange for issuance of Class B ordinary shares	`GeneralAndAdminstartiveExpensesPaidBySponsorInExchangeForIssuanceOfClassBOrdinaryShares`	-	USD	Annual
Income from investments held in Trust Account	`InvestmentIncomeInterest`	$57.97K	USD	Annual
Income from investments held in Trust Account	`InvestmentIncomeInterest`	-	USD	2 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$3.18M	USD	Annual
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	2 Qtrs
Change in fair value of convertible note related party	`FairValueAdjustmentOfConvertibleDebtWithRelatedParties`	$207.99K	USD	Annual
Change in fair value of convertible note related party	`FairValueAdjustmentOfConvertibleDebtWithRelatedParties`	-	USD	2 Qtrs
Offering costs - derivative warrant liabilities	`OfferingCostsWarrantsIssuance`	$855.04K	USD	Annual
Offering costs - derivative warrant liabilities	`OfferingCostsWarrantsIssuance`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$608.90K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$75.23K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	-	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$20.53K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$6.21K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$684.37K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedExpensesRealtedParties`	$4.89M	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedExpensesRealtedParties`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.61K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.30M	USD	Annual
Cash deposited in Trust Account	`PaymentsForInvestmentOfCashInTrustAccount`	$276.00M	USD	Annual
Cash deposited in Trust Account	`PaymentsForInvestmentOfCashInTrustAccount`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-276.00M	USD	Annual
Payment of note payable to related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-500.00K	USD	Annual
Payment of note payable to related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds received from Initial Public Offering, gross	`ProceedsReceivedFromInitialPublicOfferingGross`	-	USD	2 Qtrs
Proceeds received from Initial Public Offering, gross	`ProceedsReceivedFromInitialPublicOfferingGross`	$276.00M	USD	Annual
Proceeds received from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	2 Qtrs
Proceeds received from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$7.52M	USD	Annual
Offering costs paid	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Offering costs paid	`PaymentsOfStockIssuanceCosts`	$5.71M	USD	Annual
Proceeds Received From Note Payable To Related Party	`ProceedsReceivedFromNotePayableToRelatedParty`	$408.34K	USD	2 Qtrs
Proceeds Received From Note Payable To Related Party	`ProceedsReceivedFromNotePayableToRelatedParty`	-	USD	Annual
Offering Costs Paid	`OfferingCostsPaid`	-	USD	Annual
Offering Costs Paid	`OfferingCostsPaid`	$245.46K	USD	2 Qtrs
Proceeds from convertible note to related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from convertible note to related party	`ProceedsFromRelatedPartyDebt`	$944.69K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$162.88K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$278.25M	USD	Annual
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$161.27K	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-43.99K	USD	Annual
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$161.27K	USD	Point-in-time
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.28K	USD	Point-in-time
Cash - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$161.27K	USD	Point-in-time
Cash - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$117.28K	USD	Point-in-time
Deferred offering costs included in accounts payable	`DeferredOfferingCostsIncludedInAccountsPayable`	$13.79K	USD	2 Qtrs
Deferred offering costs included in accounts payable	`DeferredOfferingCostsIncludedInAccountsPayable`	-	USD	Annual
Offering costs included in accrued expenses	`OfferingCostsIncludedInAccountsPayableAccruedExpenses`	$42.87K	USD	Annual
Offering costs included in accrued expenses	`OfferingCostsIncludedInAccountsPayableAccruedExpenses`	$62.13K	USD	2 Qtrs
Deferred offering costs paid by Sponsor under promissory note	`DeferredOfferingCostsPaidBySponsorUnderPromissoryNote`	-	USD	Annual
Deferred offering costs paid by Sponsor under promissory note	`DeferredOfferingCostsPaidBySponsorUnderPromissoryNote`	$91.66K	USD	2 Qtrs
Deferred underwriting commissions	`Underwritingcommissiondeferred`	-	USD	2 Qtrs
Deferred underwriting commissions	`Underwritingcommissiondeferred`	$9.66M	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	-	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-7.82K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-41.15M	USD	Point-in-time
Accretion of Class A ordinary shares subject to redemption	`CommonStockSubjectToPossibleRedemptionValue`	$29.60M	USD	Annual
Issuance of Class B common stock to Sponsors	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	2 Qtrs
Issuance of Class B common stock to Sponsors	`StockIssuedDuringPeriodValueNewIssues`	$1.20M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-32.82K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-11.54M	USD	Annual
Balance at the end	`StockholdersEquity`	-	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-7.82K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-41.15M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.