secwatch.observer — SEC 8-K summary
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Issuer:     STEM, INC. (STEM)
CIK:        0001758766
Form:       8-K
Filed at:   2025-06-16T23:59:59+00:00
Accession:  0001758766-25-000020
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1758766/000175876625000020/0001758766-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1758766/000175876625000020/stem-20250611.htm
  HTML page:      https://secwatch.observer/filing/0001758766-25-000020

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