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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): February 1, 2024

 

Stem Holdings, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

Nevada   000-55751   61-1794883

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File No.)

  

(I.R.S. Employer

Identification No.)

 

2201 NW Corporate Blvd, Suite 205

Boca Raton, FL 33431

   33431
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (561) 237-2931

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol   Name of exchange on which registered
Common Stock par value $0.001   STMH   OTC Pink Sheets

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 
 

 

TABLE OF CONTENTS

 

Item 3.03   Material Modification to Rights of Security Holders
     
Item 9.01   Financial Statements and Exhibits

 

SIGNATURES

 

 
 

 

Item 3.03   Material Modification to Rights of Security Holders.

 

On February 1, 2024, Stem Holdings, Inc. announced that the February 1, 2024 effectiveness of a one for 100 reverse stock split. The shares of Stem will continue to trade under the symbol, STMH on the OTC Pink Sheets and, STEM on the CSE,

 

The reverse split was approved by the Company’s shareholders on December 28, 2022 and approved by the Company’s Board of Directors on November 27, 2023, with a filing with the Nevada Secretary of State on December 18, 2023.

 

Effective February 1, 2024, the Company’s Common Stock will trade under CUSIP 85858U305 and the Company’s former CUSIP (85858U107) will be suspended effective February 1, 2024. As a result of the reverse split, the Company’s 557,999,222 shared will be converted into 5,579,992 post-split shares. All fractional interests resulting from the reverse split will be rounded up to the nearest whole share.

 

Company shares in brokerage accounts will automatically be converted to shares of Stem (CUSIP NO: 85858U305) by Depository Trust Company (“DTC”) and the brokerage firms. There is no additional action required from investors with deposited Company common shares.

 

Company shareholders needing to contact the transfer agent should submit and online ticket at https://odysseycontact.com/ for service.

 

Item 9.01   Financial Statements and Exhibits.

 

(d) Exhibits

 

 None.

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Stem Holdings, Inc.  
     
By: /s/ Matthew Cohen  
Name: Matthew Cohen  
Title: President  
     
Dated: February 1, 2024  

 

 

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Entity File Number 000-55751
Entity Registrant Name Stem Holdings, Inc.
Entity Central Index Key 0001697834
Entity Tax Identification Number 61-1794883
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 2201 NW Corporate Blvd
Entity Address, Address Line Two Suite 205
Entity Address, City or Town Boca Raton
Entity Address, State or Province FL
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Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock par value $0.001
Trading Symbol STMH
Stem (CE) (USOTC:STMH)
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