Ticker Launch

SPAC · Merger completed

Star Peak Energy Transition Corp.

Business combination with Stem, Inc.

Star Peak Energy Transition Corp. is a blank-check company (SPAC) that raised $350M in its initial public offering on Aug 19, 2020, listing on New York Stock Exchange. It completed its business combination with Stem, Inc. on Apr 28, 2021; the combined company is Stem, Inc. (STEM). Credit Suisse led the IPO, with Goldman Sachs. Kirkland & Ellis advised the SPAC and Davis Polk advised the underwriters on the IPO.

Status
Merger completed
IPO date
Aug 19, 2020
IPO size
$350M
IPO exchange
New York Stock Exchange
Target
Stem, Inc.
Announced
Dec 4, 2020
Stated deal value
$1.35B
Closed
Apr 28, 2021
Combined company
Stem, Inc. (STEM)
IPO underwriters
Credit Suisse and Goldman Sachs
SPAC counsel (IPO)
Kirkland & Ellis
Underwriters' counsel (IPO)
Davis Polk

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