10-Q/A Filing

SES AI CORP CIK: 1819142 Q3 2021

Filing Information

Form Type	10-Q/A
Accession Number	`0001410578-21-000449`
Period End Date	20210930
Filing Date	20211130
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	ivan-20210930x10qa_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 23 Cash Flow Statement 57 Stockholders Equity 20

Balance Sheet 47 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$254.89K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$161.27K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$761.40K	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`	$161.27K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.02M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$276.05M	USD	Point-in-time
Deferred offering costs associated with the initial public offering	`DeferredCosts`	$413.04K	USD	Point-in-time
Total Assets	`Assets`	$574.31K	USD	Point-in-time
Total Assets	`Assets`	$277.07M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$42.86K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.79K	USD	Point-in-time
Purchase price, per unit	`SharesIssuedPricePerShare`	$10.00	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$10.53K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$68.35K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$198.01K	USD	Point-in-time
Note payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$500.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$251.41K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$582.13K	USD	Point-in-time
Accrued liabilities	`AccountsPayableAndAccruedLiabilitiesNoncurrent`	$4.48M	USD	Point-in-time
Convertible note - related party	`NotesPayableRelatedPartiesNoncurrent`	$1.06M	USD	Point-in-time
Deferred underwriting commissions	`DeferredUnderwritingFeePayableNoncurrent`	$9.66M	USD	Point-in-time
Derivative warrant liabilities	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$20.76M	USD	Point-in-time
Total liabilities	`Liabilities`	$36.22M	USD	Point-in-time
Total liabilities	`Liabilities`	$582.13K	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
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`	$-35.15M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.82K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$4.77K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-28.08M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-38.52M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-7.82K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-35.15M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	-	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$277.07M	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 23 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.92M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.47M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$20.23K	USD	1 Quarter
General and administrative expenses - related party	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$30.00K	USD	1 Quarter
General and administrative expenses - related party	`RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty`	$90.00K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$20.23K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.50M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$6.01M	USD	3 Qtrs
Income from investments held in Trust Account	`GainLossOnInvestments`	$4.17K	USD	1 Quarter
Income from investments held in Trust Account	`GainLossOnInvestments`	$52.15K	USD	3 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-1.39M	USD	3 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	Point-in-time
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-5.86M	USD	1 Quarter
Change in fair value of convertible note - related party	`FairValueAdjustmentOfConvertibleDebtWithRelatedParties`	-	USD	Point-in-time
Change in fair value of convertible note - related party	`FairValueAdjustmentOfConvertibleDebtWithRelatedParties`	$-11.81K	USD	1 Quarter
Change in fair value of convertible note - related party	`FairValueAdjustmentOfConvertibleDebtWithRelatedParties`	$119.45K	USD	3 Qtrs
Offering costs - derivative warrant liabilities	`OfferingCostsWarrantsIssuance`	-	USD	Point-in-time
Offering costs - derivative warrant liabilities	`OfferingCostsWarrantsIssuance`	$855.04K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-20.23K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.53M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-10.45M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.37M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.54M	USD	3 Qtrs

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.54M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-20.23K	USD	Point-in-time
Income from investments held in Trust Account	`InvestmentIncomeInterest`	$52.15K	USD	3 Qtrs
Income from investments held in Trust Account	`InvestmentIncomeInterest`	-	USD	Point-in-time
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-1.39M	USD	3 Qtrs
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	Point-in-time
Change in fair value of derivative warrant liabilities	`FairValueAdjustmentOfWarrants`	$-5.86M	USD	1 Quarter
Change in fair value of convertible note - related party	`FairValueAdjustmentOfConvertibleDebtWithRelatedParties`	-	USD	Point-in-time
Change in fair value of convertible note - related party	`FairValueAdjustmentOfConvertibleDebtWithRelatedParties`	$-11.81K	USD	1 Quarter
Change in fair value of convertible note - related party	`FairValueAdjustmentOfConvertibleDebtWithRelatedParties`	$119.45K	USD	3 Qtrs
Offering costs - derivative warrant liabilities	`OfferingCostsWarrantsIssuance`	-	USD	Point-in-time
Offering costs - derivative warrant liabilities	`OfferingCostsWarrantsIssuance`	$855.04K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-20.23K	USD	Point-in-time
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$761.40K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	-	USD	Point-in-time
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$29.08K	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to related party	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$10.53K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	Point-in-time
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$86.80K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedExpensesRealtedParties`	$4.48M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedExpensesRealtedParties`	-	USD	Point-in-time
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Point-in-time
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.16M	USD	3 Qtrs
Cash deposited in Trust Account	`PaymentsForInvestmentOfCashInTrustAccount`	$276.00M	USD	3 Qtrs
Cash deposited in Trust Account	`PaymentsForInvestmentOfCashInTrustAccount`	-	USD	Point-in-time
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Point-in-time
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-276.00M	USD	3 Qtrs
Payment of note payable to related party	`RepaymentsOfRelatedPartyDebt`	$500.00K	USD	3 Qtrs
Payment of note payable to related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Point-in-time
Proceeds received from initial public offering, gross	`ProceedsReceivedFromInitialPublicOfferingGross`	-	USD	Point-in-time
Proceeds received from initial public offering, gross	`ProceedsReceivedFromInitialPublicOfferingGross`	$276.00M	USD	3 Qtrs
Proceeds received from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	$7.52M	USD	3 Qtrs
Proceeds received from private placement	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	Point-in-time
Offering costs paid	`PaymentsOfStockIssuanceCosts`	$5.71M	USD	3 Qtrs
Offering costs paid	`PaymentsOfStockIssuanceCosts`	-	USD	Point-in-time
Proceeds from convertible note to related party	`ProceedsFromRelatedPartyDebt`	$944.69K	USD	3 Qtrs
Proceeds from convertible note to related party	`ProceedsFromRelatedPartyDebt`	-	USD	Point-in-time
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$278.25M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Point-in-time
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	Point-in-time
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$93.62K	USD	3 Qtrs
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$254.89K	USD	Point-in-time
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$161.27K	USD	Point-in-time
Cash - beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$254.89K	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
Prepaid expenses paid by Sponsor in exchange for issuance of Class B ordinary shares	`PrepaidExpensesPaidBySponsorInExchangeForIssuanceOfOrdinaryShares`	$25.00K	USD	Point-in-time
Deferred offering costs included in accounts payable	`DeferredOfferingCostsIncludedInAccountsPayable`	$148.49K	USD	Point-in-time
Offering costs included in accrued expenses	`OfferingCostsIncludedInAccountsPayableAccruedExpenses`	$42.87K	USD	3 Qtrs
Offering costs included in accrued expenses	`OfferingCostsIncludedInAccountsPayableAccruedExpenses`	$48.53K	USD	Point-in-time
Deferred offering costs paid by Sponsor under promissory note	`DeferredOfferingCostsPaidBySponsorUnderPromissoryNote`	$91.66K	USD	Point-in-time
Deferred underwriting commissions	`Underwritingcommissiondeferred`	-	USD	Point-in-time
Deferred underwriting commissions	`Underwritingcommissiondeferred`	$9.66M	USD	3 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$4.77K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-28.08M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-38.52M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-7.82K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-35.15M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	-	USD	Point-in-time
Accretion of Class A ordinary shares subject to redemption	`CommonStockSubjectToPossibleRedemptionValue`	$29.60M	USD	1 Quarter
Issuance of Class B common stock to Sponsors	`StockIssuedDuringPeriodValueNewIssues`	$1.10M	USD	3 Qtrs
Issuance of Class B common stock to Sponsors	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-20.23K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.53M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-10.45M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.37M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-5.54M	USD	3 Qtrs
Balance at the end	`StockholdersEquity`	$4.77K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-28.08M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-38.52M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-7.82K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-35.15M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	-	USD	Point-in-time

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