SPRU - Mergers and acquisitions

-Deal Grows Spruce's Home Solar Assets and Contracts by ~13% to ~85,000- -Accelerates Operating Efficiencies to Enhance Customer Experience and Shareholder Value- Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company") today announced the acquisition of a residential solar portfolio from NJR Clean Energy Ventures ("CEV"), a subsidiary of New Jersey Resources Corporation (NYSE:NJR), for $132.5 million. The acquisition closed on November 22, 2024. The acquired assets ("Spruce Power 5 Portfolio" or the "Portfolio") consist of approximately 9,800 solar systems in New Jersey that were installed under a CEV residential solar program between 2010 to 2024. Solar systems under

-Deal grows Spruce's total customer contract portfolio to over 75,000 systems- -Portfolio expected to generate about $4 million of annual revenue- Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced the acquisition of a portfolio of over 2,400 residential solar systems and contracts from a publicly traded, regulated utility company for $20.9 million. The acquisition closed on August 18, 2023. The acquired portfolio consists of residential solar systems located in California, New Jersey, and Massachusetts, with an average remaining contract life of nearly 11 y

-Deal grows Spruce's total customer contract base by 44% to over 72,000 systems- -Portfolio expected to generate over $21 million of annual customer billings and about $18 million portfolio EBITDA - -10 state deal expands Spruce Power into new markets of Washington and Oregon- Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, today announced the acquisition of SS Holdings 2017, LLC and its subsidiaries (the "Spruce Power 4 Portfolio") from a US-based private equity firm. The acquisition closed on March 23, 2023. The Spruce Power 4 Portfolio features the customer payment stre