---
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"
generated_at: "2026-05-19T06:38:09.173460+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.03, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001758766-25-000020
- JSON: https://secwatch.observer/filing/0001758766-25-000020.json
- Plain text: https://secwatch.observer/filing/0001758766-25-000020.txt

## Key facts
- Governance Changes
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1758766/000175876625000020/0001758766-25-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.