Stem (STEM) Registration Filing summary

Company overview and business model

• Operates as a global leader in AI-driven software and services for planning, deploying, and operating clean energy assets, including solar and energy storage projects.

• Offers an integrated software suite, PowerTrack, for asset monitoring and lifecycle energy services, serving over 16,000 customers in more than 55 countries.

• Provides advisory services across project development, engineering, procurement, integration, and operational performance.

Financial performance and metrics

• As of August 31, 2025, had 8,387,658 shares of common stock and 439,919 warrants outstanding.

• Financial statements for the years ended December 31, 2024 and 2023, and for the three-year period ended December 31, 2024, have been audited by Deloitte & Touche LLP.

Use of proceeds and capital allocation

• Will not receive proceeds from the resale of securities by selling securityholders; will receive proceeds only from cash exercise of warrants.

• If all warrants are exercised for cash, would receive $13,197,570 in aggregate proceeds.

• Management has broad discretion over use of proceeds from warrant exercises.