SES AI (Ivanhoe Capital Acquisition) ^{Priced, NYSE: SES}

We are a blank check company. We intend to seek a target in industries related to the paradigm shift away from fossil fuels towards the electrification of industry and society. Our targets may include any company in the supply chain from mine site to the end user of electrification products and services, including in the transportation, e-mobility, electric propulsion, battery technology and storage sectors. These include companies exploring for, mining, processing or refining the metals necessary for electrification (in particular, copper, nickel, cobalt, and the platinum group metals -- platinum, palladium and rhodium), the manufacturers of battery and battery components, electric grid component manufacturers, and producers of electric vehicles, component parts, and battery storage. We may also seek a target in disruptive technology industries more broadly. We believe our management team’s expertise and experience will provide us with a competitive advantage in seeking a target in these industries. Our management team is led by Robert Friedland, our Chief Executive Officer, who has significant experience building, investing and operating internationally in the natural resources industry and in disruptive technologies. Our management team has broad skills and experience relevant to our business strategy, as well as a track record of identifying, investing and operating businesses in diverse sectors, including our targeted industries.