Stem Receives New York Stock Exchange Noncompliance Notice, Gets 45 Days Time To Regain Compliance

Stem, Inc. (NYSE:STEM), a global leader in AI-enabled clean energy software and services, today announced that on October 19, 2026, it had notified the New York Stock Exchange (the "NYSE") that the Company is not in compliance with Section 802.01B of the NYSE Listed Company Manual (the "Manual"), which requires a listed company’s average global market capitalization over a consecutive 30 trading-day period to be not less than $50 million and, at the same time, its stockholders’ equity to be not less than $50 million. On October 20, 2026, the Company received a non-compliance letter from the NYSE confirming that the Company is not in compliance with the requirement of Section 802.01B of the Manual (the "NYSE Letter").