Stem approves 1-for-20 reverse stock split, authorized shares cut to 250M, effective June 23

STEM, INC.

Reverse split ratio of 1-for-20; effective 12:01 a.m. ET on June 23, 2025.
Authorized common shares reduced from 500 million to 250 million.
No fractional shares; cash paid in lieu based on June 20 closing price.
Split-adjusted trading begins June 23 under new CUSIP 85859N300.
Proportionate adjustments made to equity awards, warrants, convertible notes, and capped calls.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

STEM, INC.: Filed an amendment to the Second Amended and Restated Certificate of Incorporation to effect a 1-for-20 reverse stock split and reduce authorized common shares from 500 million to 250 million, effective June 23, 2025 (effective 2025-06-23).

Change: charter amendment
Effective: 2025-06-23

Exact text from the filing

Following Stem, Inc.’s (the “Company”) 2025 Annual Meeting of Stockholders, the Company’s Board of Directors approved a reverse stock split (the “Reverse Stock Split”) of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), at a ratio of 1-for-20 (the “Reverse Stock Split Ratio”) and a reduction in the total number of authorized shares of Common Stock from 500 million shares to 250 million shares (the “Authorized Shares Reduction”), each with an effective time of 12:01 a.m. Eastern Time on June 23, 2025 (the “Effective Time”).

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Source: SEC EDGAR

accession 0001758766-25-000020

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