{"schema_version":"secwatch.filing_event.v1","accession":"0001758766-23-000054","form_type":"8-K","ticker":"STEM","cik":"0001758766","company_name":"STEM, INC.","filed_at":"2023-04-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.414695+00:00","generated_at":"2026-06-17T07:09:13.754829+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Stem issues $240M of 4.25% Green Convertible Notes due 2030, upsized from $200M","bullets":["Net proceeds ~$232.3M; used $99.8M to repurchase $163M of existing 0.50% 2028 notes at discount.","Initial conversion price ~$7.13 per share (27.5% premium to March 29 closing); shares issuable at company's election.","Capped call transations with $11.18 cap price reduce potential dilution on conversion.","Notes mature April 1, 2030; interest 4.25% semi-annually; redeemable after April 5, 2027 under conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001758766-23-000054","json":"https://secwatch.observer/filing/0001758766-23-000054.json","markdown":"https://secwatch.observer/filing/0001758766-23-000054.md","text":"https://secwatch.observer/filing/0001758766-23-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1758766/000175876623000054/0001758766-23-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1758766/000175876623000054/stem-20230330.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T07:09:13.754829+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c68874dc0c39a44c277fcfcb7ba056e3f97b012e","claim":"STEM, INC. incurred convertible notes of $240 million aggregate principal amount with U.S. Bank Trust Company, National Association at 4.25% maturing April 1, 2030.","evidence_excerpt":"sold to Morgan Stanley & Co. LLC and Evercore Group L.L.C., as initial purchasers (the “Initial Purchasers”), and the Initial Purchasers purchased from the Company, $240 million aggregate principal amount of the Company’s 4.25% Green Convertible Senior Notes due 2030 (the “Notes”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1758766/000175876623000054/0001758766-23-000054-index.htm","confidence":1.0,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$240 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"4.25%"},{"label":"Maturity","value":"April 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"50e8f050f59ddf2ff2fc7e0b7a8980687851a91d","claim":"STEM, INC. entered into Indenture dated April 3, 2023 with U.S. Bank Trust Company, National Association valued at $240,000,000 aggregate principal amount of 4.25% Green Convertible Senior Notes due 2030 (effective 2023-04-03).","evidence_excerpt":"On April 3, 2023, Stem, Inc. (the “Company”) sold to Morgan Stanley & Co. LLC and Evercore Group L.L.C., as initial purchasers (the “Initial Purchasers”), and the Initial Purchasers purchased from the Company, $240 million aggregate principal amount of the Company’s 4.25% Green Convertible Senior Notes due 2030 (the “Notes”), pursuant to a purchase agreement dated as of March 29, 2023, by and between the Company and the Initial Purchasers (the “Purchase Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1758766/000175876623000054/0001758766-23-000054-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$240,000,000 aggregate principal amount of 4.25% Green Convertible Senior Notes due 2030"},{"label":"Effective","value":"2023-04-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}