Star Peak Energy Transition Corp. (STPK) shares were falling -8.73% to trade at $27.49 in the current market at the last check. STPK’s stock closed the previous session at $30.12. The STPK stock volume remained 1.3 million shares.
What is the recent news on STPK stock?
On 12th April 2021, STPK and Stem Inc. announced that they will host a fireside chat on that same day with IPO Edge at 2 pm EDT. The event will be broadcasted live and has also been announced by IPO Edge on their website. The event will feature the Chairman of STPK stock, Michael Morgan, and CEO of Stem, John Carrington. The moderator chosen for the event will be Editor-in-Chief of IPO Edge John Jannarone. The event’s agenda is to discuss merger/business combination and the session will last for 45 minutes along with a Q&A session with the audience
Michael Morgan and John Carrington will talk on topics related to general discussions pertaining as to why shareholders regardless of how much they own, should vote for merger; what the main points of the merger; how shift of power grid to renewable energy will create opportunity for smart battery usage; how SPAC deals have evolved; how investors vote through their brokers.
Both the companies are looking forward the Special Meeting to discuss the business combination and vote for it approval which will take place on 27th April 2021 at 11 am ET. Every shareholder owning STPK stock since 4th March (even if sold) should vote for the merger before 26th April’s deadline.
Star Peak Energy Transition Corp. is a blank check company that has its headquarters in Delaware. The main objective of this company is effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
The strongest aspect of the company is its management team which makes the core of the operational activities related to the acquisition. The executive team has broad, in-depth as well as extensive experience under their belt for investing specifically in the energy, energy sector, infrastructures, and renewable sectors. The company changed its name from Star Peak Energy Acquisition Corp to Star Peak Energy Transition.
Background of the senior-most executives in Star Peak
Michael Morgan is the Chairman of STPK while Eric Scheyer is the Chief Executive Officer. However, these are not the only executive seats that both senior-most executives are a part of. Michael Morgan is Chairman and CEO at Triangle Peak Partners LP and working under the title of director for Sunnova Energy international as well as the lead director of Kinder Morgan, Inc. Eric Scheyer is a partner at Magnetar and previously served as Head of the Magnetar Energy and Infrastructure Group right from the start when the company was founded.
Stem is an energy storage solutions company that is uniquely differentiated in the energy market particularly by the fact that it is causing disruption in the energy market. It is doing so by combining Artificial Intelligence with a platform with energy storage solution services. The AI platform is known as Athena that serves as an analytical platform. Stem provides full support to solar partners that are inclined towards adding storage to any scale of solar projects.