Stem Inc. announced amendments to its bylaws, including a 1-for-20 reverse stock split and a reduction in authorized common stock shares from 500 million to 250 million, effective June 23, 2025. The reverse split will consolidate every 20 shares into one new share, and no fractional shares will be issued. Trading on a split-adjusted basis is expected to commence on the effective date with a new CUSIP number, while the par value per share remains unchanged.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stem Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001758766-25-000020), on June 16, 2025, and is solely responsible for the information contained therein.