EVANSTON, Ill. and MILLBRAE, Calif., April 12, 2021 (GLOBE NEWSWIRE) — Star Peak Energy Transition Corp. (NYSE: STPK), a publicly traded special purpose acquisition company (“Star Peak”), and Stem, Inc., a global leader in artificial intelligence (AI)-driven clean energy storage systems (“Stem”), announced that the companies will host a fireside chat with IPO Edge today, Monday, April 12 at 2pm EDT, to discuss their pending business combination. The live event will feature Michael Morgan, Chairman of Star Peak and John Carrington, CEO of Stem. IPO Edge Editor-in-Chief John Jannarone will moderate the video session, which will last approximately 45 minutes and include a Q&A with the audience.
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To view IPO Edge’s announcement about today’s fireside chat, CLICK HERE
“We are excited to approach the closing of our business combination with Stem and to engage with our shareholders during today’s fireside chat, in this important time for Star Peak and Stem,” said Morgan. “We look forward to discussing Stem’s market leadership and growth opportunity, the voting process, and to answering questions from investors about the transaction.”
Morgan and Carrington will discuss:
- An overview of the merger and investment highlights
- The opportunity to use smart batteries as the power grid shifts to renewable sources
- The strong reception to the deal as measured in various ways
- The recent evolution of the SPAC market and involvement of more individual investors
- Why it is important for all shareholders to vote, regardless of how much stock they own
- How investors vote shares through their brokers
The Special Meeting to approve the pending business combination is scheduled for Tuesday, April 27, 2021, at 11:00 a.m. ET. The Special Meeting will be completely virtual and conducted via live webcast. Holders of Star Peak’s shares of Common Stock at the close of business on the record date of March 4, 2021 are entitled to notice of the virtual Special Meeting and should vote before 11:59 p.m. ET on April 26, 2021.
If the proposals at the Special Meeting are approved, the parties anticipate that the business combination will close shortly thereafter, subject to the satisfaction or waiver (as applicable) of all other closing conditions.
It remains important that all shareholders who owned shares as of March 4 – even if they have since sold – vote by the April 26 deadline to ensure the deal proceeds in a timely manner. For additional information regarding voting your shares see https://stpk.starpeakcorp.com/vote/
Stem provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena™, a world-class artificial intelligence (AI)-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter.
Headquartered in Millbrae, Calif., Stem is directly funded by a consortium of leading investors including Activate Capital, Angeleno Group, BNP Paribas, Constellation Technology Ventures, Copec, Iberdrola (Inversiones Financieras Perseo), GE Ventures, Magnesium Capital, Mithril Capital Management, Mitsui & Co. LTD., Ontario Teachers’ Pension Plan, RWE Supply & Trading, Temasek and Total Energy Ventures. For more information, visit www.stem.com.
About Star Peak Energy Transition Corp.
Star Peak is a blank check company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Star Peak is led by a management team with extensive experience investing in the energy, energy infrastructure and renewables sectors, including Chairman, Michael Morgan and Chief Executive Officer, Eric Scheyer. Michael Morgan is Chairman and Chief Executive Officer at Triangle Peak Partners LP and currently serves as a director of Sunnova Energy International and lead director…