secwatch.observer — SEC 8-K summary
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Issuer:     STEM, INC. (STEM)
CIK:        0001758766
Form:       8-K
Filed at:   2024-08-30T23:59:59+00:00
Accession:  0001758766-24-000159
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758766/000175876624000159/0001758766-24-000159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758766/000175876624000159/stem-20240828.htm
  HTML page:      https://secwatch.observer/filing/0001758766-24-000159

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer