Notification of Noncompliance with NYSE Continued Listing Standards Issued

Stem, Inc. has announced that it has received a notification from the New York Stock Exchange (NYSE) regarding its noncompliance with the continued listing standards. This notification comes as a result of the companys failure to maintain a minimum average closing price of $1.00 per share over a consecutive 30 trading-day period, which is a requirement set by the NYSE.

In response to this notification, Stem is actively evaluating its options to regain compliance with the NYSEs listing standards. The company has a period of six months to address this issue and return to compliance. During this time, Stem will work to implement strategies that may include increasing its stock price through various financial maneuvers or corporate actions.

Stem, which specializes in energy storage solutions and software, has been navigating a challenging market environment. The company’s stock performance has been affected by broader economic factors, including fluctuations in energy prices and shifts in investor sentiment towards renewable energy technologies. Despite these challenges, Stem remains committed to its mission of providing innovative energy solutions and believes that it can successfully meet the NYSEs requirements within the allotted timeframe.

The company has assured its stakeholders that it is taking this matter seriously and is focused on enhancing its operational performance and market position. Stem plans to keep its investors informed about its progress in addressing the NYSEs concerns and will provide updates as necessary.

In the meantime, Stem continues to operate its business and serve its customers, emphasizing its dedication to advancing sustainable energy practices. The company is optimistic about its future prospects and is determined to navigate this period of noncompliance effectively.

As the situation develops, Stem will monitor its stock performance closely and explore all available options to ensure it meets the NYSEs standards, thereby maintaining its listing status. The company remains hopeful that it can overcome this hurdle and continue its growth trajectory in the energy sector.