{"schema_version":"secwatch.filing_event.v1","accession":"0001758766-25-000020","form_type":"8-K","ticker":"STEM","cik":"0001758766","company_name":"STEM, INC.","filed_at":"2025-06-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.611305+00:00","generated_at":"2026-05-19T06:38:09.173460+00:00","sec_items":["3.03","5.03","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Stem approves 1-for-20 reverse stock split, authorized shares cut to 250M, effective June 23","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001758766-25-000020","json":"https://secwatch.observer/filing/0001758766-25-000020.json","markdown":"https://secwatch.observer/filing/0001758766-25-000020.md","text":"https://secwatch.observer/filing/0001758766-25-000020.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1758766/000175876625000020/0001758766-25-000020-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1758766/000175876625000020/stem-20250611.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T06:38:09.173460+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":"c76357130468f1b2a8d9a81e8f20b35c8ea4b683","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1758766/000175876625000020/0001758766-25-000020-index.htm","confidence":0.95,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2025-06-23"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}