GM Ventures Amends SES AI Corp. Stake Filing

TL;DR

GM Ventures updated their SES AI stake filing on 11/19/24. No new $$, just an update.

AI Summary

General Motors Ventures LLC, an affiliate of General Motors Co., has amended its Schedule 13D filing regarding SES AI Corp. as of November 19, 2024. This filing indicates a change in beneficial ownership, though specific new holdings or dollar amounts are not detailed in this excerpt. The filing is an amendment to a previous submission concerning SES AI Corp.

Why It Matters

This filing update from General Motors Ventures LLC signals a potential shift in their investment strategy or stake in SES AI Corp., a company involved in battery technology.

Risk Assessment

Risk Level: medium — Changes in major shareholder filings can indicate shifts in strategic direction or potential future corporate actions, impacting the company's stock.

Key Players & Entities

• General Motors Co. (company) — Affiliated entity
• General Motors Ventures LLC (company) — Filing entity
• SES AI Corp (company) — Subject company
• John S. Kim (person) — Mentioned in relation to General Motors Holdings LLC

FAQ

Key Financial Figures

• $0.0001 — suer) Class A common stock, par value $0.0001 (Title of Class of Securities) 7839

Filing Documents

• d868084dsc13da.htm (SC 13D/A) — 63KB
• d868084dex997.htm (EX-99.7) — 3KB
• 0001193125-24-261735.txt ( ) — 68KB

of the Prior Statement is hereby amended by adding the following thereto

Item 4 of the Prior Statement is hereby amended by adding the following thereto: On November 15, 2024, the Reporting Persons reduced their beneficial ownership of the Issuer through the sale of securities of the Issuer. Item5. Interest in Securities of the Issuer (a), (b) The responses of the Reporting Persons with respect to Rows 7 through 13 of the cover pages of the Reporting Persons to this Amendment are incorporated herein by reference. The aggregate percentage of beneficial ownership of General Motors Ventures LLC is approximately 3.1% of the outstanding Shares of the Issuer. Calculations of the percentage of the Shares beneficially owned assumes 316,703,306 shares of Class A Common Stock outstanding according to the Form 10-Q filed by the Issuer on November 1, 2024. The aggregate percentage of beneficial ownership of each of General Motors Holdings LLC and General Motors Company is approximately 6.2% of the outstanding Shares of the Issuer. Calculations of the percentage of the Shares beneficially owned assumes 316,703,306 shares of Class A Common Stock outstanding according to the Form 10-Q filed by the Issuer on November 1, 2024. The reduction in beneficial ownership percentages from those set forth in the Prior Statement reflects a reduction in the beneficial ownership percentages of the Reporting Persons due to the sale by the Reporting Persons of securities of the Issuer. To the knowledge of the Reporting Persons, none of the persons listed on Exhibit 1 to the Prior (c) Except for the transactions described in response to Item 4 of the Schedule 13D or as set forth in Exhibit 7 to this Schedule 13D, which information is hereby incorporated by reference, none of the Reporting Persons, nor, to the knowledge of the Reporting Persons, any of the persons listed on Exhibit 1 to the Prior Statement, have effected any transactions that may be deemed to be a transaction in the Shares during th

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. Dated: November 19, 2024 General Motors Holdings LLC By: /s/ John S. Kim Name: John S. Kim Title: Assistant Secretary General Motors Ventures LLC By: /s/ Todd Miller Name: Todd Miller Title: Assistant Secretary General Motors Company By: /s/ John S. Kim Name: John S. Kim Title: Assistant Corporate Secretary

View Full Filing

View this SC 13D/A filing on SEC EDGAR