UPLOAD Filing
SES S.A.
Date: April 16, 2025 · CIK: 0001347408 · Accession: 0000000000-25-004039
AI Filing Summary & Sentiment
Reasoning
Letter
Re: SES S.A. Amendment No. 2 to Draft Registration Statement on Form F-4 Submitted April 1, 2025 CIK No. 0001347408 Dear Adel Al-Saleh:
April 16, 2025
Adel Al-Saleh Chief Executive Officer SES S.A. Ch teau de Betzdorf L-6815 Betzdorf Grand Duchy of Luxembourg
We have reviewed your amended draft registration statement and have the following comment.
Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing the information you provide in response to this letter and your amended draft registration statement or filed registration statement, we may have additional comments.
Amendment No. 2 to Draft Registration Statement on Form F-4 SES Management's Discussion and Analysis of Financial Condition and Results Of Operations Liquidity and Capital Resources As Of and For The Year Ended December 31, 2024 and December 31, 2023 Capital Expenditure, page 123
1. Please clarify if the costs you expect to incur in connection with the development of the IRIS system, described on page 105, are included in your projected future capital expenditures. If not, tell us what consideration you gave to disclosing these expected costs, or a range of expected costs, if material. Please also clarify your expected April 16, 2025 Page 2
sources of funding for these expenditures. Please contact Laura Veator at 202-551-3716 or Stephen Krikorian at 202-551-3488 if you have questions regarding comments on the financial statements and related matters. Please contact Matthew Crispino at 202-551-3456 or Larry Spirgel at 202-551-3815 with any other questions.
Sincerely,
Division of
Corporation Finance
Office of Technology
Show Raw Text
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> April 16, 2025 Adel Al-Saleh Chief Executive Officer SES S.A. Ch teau de Betzdorf L-6815 Betzdorf Grand Duchy of Luxembourg Re: SES S.A. Amendment No. 2 to Draft Registration Statement on Form F-4 Submitted April 1, 2025 CIK No. 0001347408 Dear Adel Al-Saleh: We have reviewed your amended draft registration statement and have the following comment. Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing the information you provide in response to this letter and your amended draft registration statement or filed registration statement, we may have additional comments. Amendment No. 2 to Draft Registration Statement on Form F-4 SES Management's Discussion and Analysis of Financial Condition and Results Of Operations Liquidity and Capital Resources As Of and For The Year Ended December 31, 2024 and December 31, 2023 Capital Expenditure, page 123 1. Please clarify if the costs you expect to incur in connection with the development of the IRIS system, described on page 105, are included in your projected future capital expenditures. If not, tell us what consideration you gave to disclosing these expected costs, or a range of expected costs, if material. Please also clarify your expected April 16, 2025 Page 2 sources of funding for these expenditures. Please contact Laura Veator at 202-551-3716 or Stephen Krikorian at 202-551-3488 if you have questions regarding comments on the financial statements and related matters. Please contact Matthew Crispino at 202-551-3456 or Larry Spirgel at 202-551-3815 with any other questions. Sincerely, Division of Corporation Finance Office of Technology </TEXT> </DOCUMENT>