Stem stock nyse software#
Leading up to and following the Merger, Stem repeatedly represented that its unique AI-driven approach to energy storage management and related software products and offerings, which it offered alongside its hardware products and offerings, afforded the Company significant competitive advantages in attracting and retaining business partners and customers, and that these advantages differentiated Stem's business from its competitors. On April 28, 2021, the Company consummated the Merger whereby, among other things, Merger Sub merged with and into Legacy Stem, with Legacy Stem surviving the transaction as a wholly owned subsidiary of the Company the Company renamed itself "Stem, Inc." and the Company began operating Legacy Stem's business.
Stem stock nyse registration#
On March 30, 2021, the Company filed a joint prospectus and proxy statement (the "Prospectus" and, together with the Registration Statement, the "Offering Documents") on Form 424B3 with the SEC in connection with the Merger, which incorporated and formed part of the Registration Statement. Securities and Exchange Commission ("SEC") in connection with the Merger, which, after several amendments, was declared effective by the SEC on March 29, 2021. On December 17, 2020, the Company filed a registration statement ("Registration Statement") on Form S-4 with the U.S. On December 4, 2020, the Company announced that it had entered into a definitive agreement for the Merger with Legacy Stem, a purported global leader in AI-driven clean energy storage systems, that would result in a combined company with an estimated equity value of approximately $1.35 billion. Prior to the Merger, the Company operated as a publicly traded special purpose acquisition company.
The Company's management has asserted that Stem's services revenue line is purportedly comprised entirely of software revenue. The Company offers energy storage systems sourced from original equipment manufacturers and provides an artificial intelligence ("AI") platform called Athena, which offers battery hardware and software-enabled services to operate the energy storage systems. Stem purports to operate as a digitally connected and intelligent energy storage network provider in the U.S. You may also click here for additional information: There is no cost or obligation to you.įaruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia. and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 87 or 21 (Ext. ("Merger Sub"), and Stem, Inc., a private Delaware corporation ("Legacy Stem") and/or (b) between Maand February 16, 2023, both dates inclusive (the "Class Period"). If you suffered losses exceeding $100,000 investing in Stem stock or options (a) pursuant and/or traceable to the Offering Documents (defined below) issued in connection with the merger ("Merger") consummated on Apby and among the Company, STPK Merger Sub Corp. ("STPK") (NYSE: STEM) (NYSE: STEM.WS) (NYSE: STPK) (NYSE: STPK.WS) (NYSE: STPK.U) and reminds investors of the Jdeadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
("Stem" or the "Company") f/k/a Star Peak Energy Transition Corp. July 11, 2023) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Stem, Inc. Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Stem To Contact Him Directly To Discuss Their Options
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