Stem receives NYSE notice for low share price; has 6-month cure period

STEM, INC.

NYSE notified Stem on Aug 28, 2024 that its avg closing price fell below $1.00 over 30 consecutive trading days.
Cure period is six months; Stem must respond within 10 business days with its intent to cure.
Stem can regain compliance if on the last trading day of any month closing price >= $1.00 and 30-day avg >= $1.00.
Shares continue trading on NYSE; failure to cure may lead to delisting but does not affect business operations or debt agreements.

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