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BUSINESS (Tables)

9 Months Ended

Sep. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule Of Reverse Recapitalization

On April 28, 2021, shareholders of STPK approved the Merger, under which Stem received approximately $550.3 million, net of fees and expenses as follows (in thousands):


			Recapitalization
Cash — STPK trust and working capital cash			$	383,383
Cash — PIPE			225,000
Less: transaction costs and advisory fees paid			(58,061)
Merger and PIPE financing			$	550,322