Stem Q2 10-Q Reveals $4.3M raicoon Acquisition, ATM Sales, and PIK Interest Election
STEM is trading near its 52-week low of $4.92 (13% above the low).
Summary
Stem's Q2 10-Q discloses the raicoon acquisition, ATM share sales, and a PIK interest election on its senior secured notes, adding material detail to the previously reported quarterly results.
Key Events · Earnings and Guidance · STEM
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raicoon Acquisition Completed
Stem acquired 100% of raicoon GmbH on April 22, 2026 for $4.3 million in common stock, recording $2.5 million in goodwill and $1.7 million in intangible assets.
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ATM Program Sales
Stem sold 595,303 shares under its at-the-market program at a weighted-average price of $9.63, generating $5.6 million in net proceeds, with $24.2 million remaining capacity.
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PIK Interest Election
On January 1, 2026, Stem elected to pay $4.6 million of interest in kind on its 2030 Senior Secured Notes, increasing the outstanding principal to $160.0 million.
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CFO Trading Plan
CFO Brian Musfeldt adopted a Rule 10b5-1 plan on May 14, 2026 to sell up to 3,667 shares from August 10, 2026 through March 1, 2027.
Analysis · STEM · Technology
Stem's Q2 10-Q adds material detail beyond the earnings release: the company acquired raicoon GmbH for $4.3 million in stock, sold 595,303 shares under its ATM program at $9.63 for $5.6 million in net proceeds, and elected to pay $4.6 million of interest in kind on its 2030 Senior Secured Notes. The company also disclosed a CFO 10b5-1 plan to sell up to 3,667 shares. These items provide a fuller picture of Stem's capital structure and strategic moves, though the core financial results were already known.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, STEM was trading at $5.55 on NYSE in the Technology sector, with a market capitalization of approximately $48.8M. The 52-week trading range was $4.92 to $32.23. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.