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SES AI Corp

Completed deSPAC · 1 SPAC · 1 closed · 0 announced

Ivanhoe Capital Acquisition Corp (Nasdaq: IVAN), sponsored by Ivanhoe Capital Corporation and associated with mining magnate Robert Friedland, completed its SPAC initial public offering in 2020 with a focus on the clean energy sector. The blank-check company announced a business combination with SES AI Corp, a developer of lithium-metal battery technology targeting electric vehicles, in January 2021. The transaction closed and the combined company began trading under the SES ticker, marking IVAN as a closed deal. SES AI operates at the intersection of advanced materials and sustainable transportation. Visit SpacDesk and sign up for full deal data, timeline analytics, and sponsor history on this and hundreds of other SPAC transactions.

Announced
2021-01-11
Closed
2022-03-31
PIPE Raised
$500M–1B
Industry
Clean Energy

SPAC Counterparty (1)

SymbolIssuerStatusAnnouncedCloseIPO SizePIPESponsor
IVANIvanhoe Capital Acquisition CorpClosed2021-01-112022-03-31$200.0M$551.5MIvanhoe Capital Sponsor LLC