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Showing posts with label STEM. Show all posts
Showing posts with label STEM. Show all posts

Tuesday, September 19, 2023

Insider Trading : Tue 9/19/23

Notable purchases -- CFO adds to IRWD; notable sales -- CEO and EVP active in BJ

Buyers:

  • ENPH Director bought 32,600 shares at $122.36 - $123.18 worth more than $4 mln.
  • IRWD SVP, Chief Financial Officer bought 36,072 shares at $8.31 - $8.33 worth ~$300K.
  • JYNT 10% owner Bandera Partners bought another 77,436 shares at ~$8.94 - $9.50 worth ~$717K.
  • SMTC Director bought 20,000 shares at $24.826 worth ~$497K.
  • SOL Chairman / 10% owner bought 143,754 shares at $3.06 - $3.08 worth ~$441K.
  • STEM Director bought 62,000 shares at $4.82 worth ~$299K.

Sellers:

  • BJ President & CEO and EVP -Strategy & Development sold 37,243 shares at $70.00 - $71.15 worth ~$2.6 mln.
  • CRVL Chairman sold 5,000 shares at $200.0159 worth ~$1.0 mln.
  • TWI Director sold 20,000 shares at $12.40 - $12.55 worth ~$250K.

Monday, January 11, 2021

Star Peak Energy Transition (STPK)





Dec. 24, 2020: Stem confirms plans to become publicly listed through business combination with Star Peak; Transaction to provide up to$608 mln in gross proceeds

  • Stem and Star Peak Energy Transition Corp announced today a definitive agreement for a business combination that will result in Stem becoming a public company. Upon closing of the transaction, the combined company will be named Stem and remain listed on the New York Stock Exchange under the new ticker symbol "STEM." The combined company will be led by John Carrington, Chief Executive Officer of Stem.
  • The business combination values the combined company at a $1.35 billion pro forma equity value, at a price of $10.00 per Star Peak share and assuming no redemptions by Star Peak shareholders. The transaction will provide $608 million of gross proceeds to the company, assuming no redemptions, including a $225 million fully committed common stock PIPE at$10.00 per share anchored by existing and new investors, including funds and accounts managed by BlackRock (BLK), Van Eck Associates Corporation, Adage Capital Management, Electron Capital Partners, and Senator Investment Group.