• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: Spruce Power Holding Corporation filed SEC Form 8-K: Financial Statements and Exhibits

    2/10/25 4:53:37 PM ET
    $SPRU
    Auto Parts:O.E.M.
    Consumer Discretionary
    Get the next $SPRU alert in real time by email
    spru-20241122
    0001772720false00017727202024-11-222024-11-22

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    FORM 8-K/A
    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 10, 2025 (November 22, 2024)
    Spruce Power Holding Corporation
    (Exact name of registrant as specified in its charter)
    Delaware001-3897183-4109918
    (State or other jurisdiction
    of incorporation)
    (Commission File Number)
    (I.R.S. Employer
    Identification No.)
    2000 S Colorado Blvd, Suite 2-825,
    Denver, Colorado
    80222
    (Address of principal executive offices)(Zip Code)
    (866) 777-8235
    (Registrant’s telephone number, including area code)
    N/A
    (Former name or former address, if changed since last report)
    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:
    ☐    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))
    Securities registered pursuant to Section 12(b) of the Act:
    Title of each classTrading Symbol(s)
    Name of each exchange
    on which registered
    Common Stock, par value $0.0001 per shareSPRUNew York Stock Exchange
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    Emerging growth company ☐
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
    1


    Introductory Note
    On November 26, 2024, Spruce Power Holding Corporation (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) to report that Spruce Power 5, LLC (“SP5”), a wholly-owned subsidiary of the Company, entered into an Asset Purchase Agreement (the “APA”) to acquire a residential solar portfolio (the “Acquired Assets”) from NJR Clean Energy Ventures II Corporation (“CEV”), a subsidiary of New Jersey Resources Corporation (“NJR”), pursuant to the APA by and between CEV and SP5, dated as of November 22, 2024.
    Amendment No. 2 to Current Report on Form 8-K/A (this “Amendment No. 2”) amends the Original Form 8-K solely to include the financial statements required to be filed under Item 9.01(a) of the Original Form 8-K and the pro forma financial information required to be filed under Item 9.01(b) of the Original Form 8-K. Except for filing information pursuant to Items 9.01(a), 9.01(b) and 9.01(d) of Form 8-K, this Amendment No. 2 does not otherwise modify or update the Original Form 8-K.
    Item 9.01 Financial Statements and Exhibits.

    (a)    Financial statements of businesses acquired

    The audited abbreviated financial statements of the Acquired Assets and accompanying notes related thereto as of and for the years ended September 30, 2024 and 2023 are filed herewith as Exhibit 99.1 to this Amendment No. 2, which is incorporated by reference herein. The related consent of the independent auditor is attached hereto as Exhibit 23.1.

    (b)    Pro forma financial information

    The unaudited pro forma condensed combined financial statements and accompanying notes relating to the Company’s acquisition of the Acquired Assets, as of September 30, 2024, for the nine months ended September 30, 2024, and for the year ended December 31, 2023 are included as Exhibit 99.2 hereto and are incorporated by reference herein.

    (d)    Exhibits.

    Exhibit
    No.
    Description
    23.1
    Consent of Independent Auditor
    99.1
    The audited abbreviated financial statements of the Acquired Assets and accompanying notes related thereto as of and for the years ended September 30, 2024 and 2023
    99.2
    Unaudited pro forma condensed combined financial statements and explanatory notes
    104Cover Page Interactive Data File (embedded within the Inline XBRL document)
    2


    SIGNATURE
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
    SPRUCE POWER HOLDING CORPORATION
    Date: February 10, 2025
    By:/s/ Jonathan M. Norling
    Name:Jonathan M. Norling
    Title:Chief Legal Officer
    3
    Get the next $SPRU alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $SPRU

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $SPRU
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Legal Officer Norling Jonathan M was granted 230,500 shares, increasing direct ownership by 109% to 441,416 units (SEC Form 4)

      4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)

      5/14/25 6:07:00 PM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary
    • President & CEO Hayes Christopher M. was granted 539,040 shares, increasing direct ownership by 346% to 695,037 units (SEC Form 4)

      4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)

      5/14/25 6:06:20 PM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Chief Financial Officer Wells Sarah Weber covered exercise/tax liability with 4,504 shares, decreasing direct ownership by 2% to 198,356 units (SEC Form 4)

      4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)

      4/7/25 8:31:29 PM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary

    $SPRU
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Spruce Power Reports First Quarter 2025 Results

      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 reported financial results for the first quarter ended March 31, 2025. First Quarter 2025 Business Highlights Revenues of $23.8 million, up 30% from the year-earlier period Net loss attributable to stockholders of $15.3 million Operating EBITDA of $12.3 million, up 15% from the year-earlier period Total cash balance of $96.5 million as of March 31, 2025 Portfolio of approximately 85,000 home solar assets and contracts across 18 U.S. states as of March 31, 2025 Spruce PRO servicing approximately 60,000 residenti

      5/14/25 4:07:00 PM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Spruce Power Announces $50 Million Share Repurchase Program

      Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce") today announced that its board of directors has authorized a share repurchase program (the "Share Repurchase Program") to repurchase up to $50 million of Spruce's common stock on or before May 15, 2027, beginning upon the expiry of its current share repurchase program on May 15, 2025. The Board believes that the authorization of the Share Repurchase Program will enable Spruce to opportunistically return value to shareholders. The Share Repurchase Program authorizes Spruce to effect repurchases through open market transactions, privately negotiated transactions, Rule 10b5-1 trading plans and/or Rule 10b-18 trading plans, and other mean

      5/14/25 8:30:00 AM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Spruce Power Announces Chief Financial Officer Transition

      Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company") today announced that Sarah Wells, Chief Financial Officer ("CFO"), has resigned, effective May 14, 2025, to pursue other opportunities. Spruce expects to appoint an interim CFO prior to Wells departing. The Company is undertaking a search to fill the CFO position on a permanent basis. "I would like to thank Sarah for her numerous contributions to Spruce's growth and development, and we wish her the best going forward," said Chris Hayes, Chief Executive Officer of Spruce. "We intend to identify a strong successor with capital markets expertise and a track record of driving operational efficiencies and executing growth

      5/5/25 4:15:00 PM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary

    $SPRU
    Leadership Updates

    Live Leadership Updates

    See more
    • Spruce Announces Appointment of Chris Hayden as Senior Vice President of IT and Enterprise Applications

      Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, announced the appointment of Chris Hayden as Senior Vice President of IT and Enterprise Applications. Hayden will focus on advancing Spruce's service platform, scaling the Spruce PRO service offering, and driving innovation across the Company's IT function, including strategy, infrastructure, application development, and security. "Chris has deep expertise in the solar industry and a proven track record of successful leadership in information technology and software development," said Derick Smith, Chief Operating Officer of Spr

      4/17/25 8:30:00 AM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Spruce Power Holding Corporation Announces Leadership Changes

      Chairman of the Board Chris Hayes Appointed as President & CEO Dr. Audrey Lee joins the Board of Directors 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 that Chris Hayes, Spruce's Chairman of the Board, will succeed Christian Fong as President and Chief Executive Officer, effective April 12, 2024. Additionally, Dr. Audrey Lee has joined the Board of Directors. "The Board is confident that Chris is the right leader to take Spruce to the next stage of its evolution and develop avenues of growth. Chris brings a wealth of experience to his role as CEO, incl

      4/15/24 8:30:00 AM ET
      $EIX
      $MSFT
      $SPRU
      Electric Utilities: Central
      Utilities
      Computer Software: Prepackaged Software
      Technology
    • Spruce Power Appoints Sarah Wells as New Chief Financial Officer

      Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce" or the "Company"), a leading owner and operator of distributed solar energy assets across the United States, announced that Sarah Wells has been appointed Chief Financial Officer, effective May 19th. Mrs. Wells succeeds Don Klein, who is departing in connection with the previously announced transition from XL Fleet to Spruce Power executive management. Sarah Wells brings considerable industry experience and expertise with disruptive sustainability strategies and is a long-time Spruce Power leader in cost efficiency and growth enablement. Mrs. Wells joined Spruce Power in 2018 and most recently served as Senior Vice President, Finance

      5/11/23 4:05:00 PM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary

    $SPRU
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Tech Eric M. bought $11,200 worth of shares (4,000 units at $2.80), increasing direct ownership by 3% to 118,430 units (SEC Form 4)

      4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)

      12/16/24 5:56:55 PM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Director Tech Eric M. bought $5,642 worth of shares (2,000 units at $2.82), increasing direct ownership by 0.88% to 114,430 units (SEC Form 4)

      4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)

      12/9/24 8:29:35 PM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Director Lee Ja-Chin bought $4,865 worth of shares (1,769 units at $2.75), increasing direct ownership by 3% to 68,933 units (SEC Form 4)

      4 - SPRUCE POWER HOLDING CORP (0001772720) (Issuer)

      12/5/24 2:54:21 PM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary

    $SPRU
    SEC Filings

    See more
    • SEC Form DEF 14A filed by Spruce Power Holding Corporation

      DEF 14A - SPRUCE POWER HOLDING CORP (0001772720) (Filer)

      5/20/25 9:14:19 PM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Amendment: Spruce Power Holding Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K/A - SPRUCE POWER HOLDING CORP (0001772720) (Filer)

      5/15/25 4:38:16 PM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary
    • SEC Form 10-Q filed by Spruce Power Holding Corporation

      10-Q - SPRUCE POWER HOLDING CORP (0001772720) (Filer)

      5/14/25 5:26:31 PM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary

    $SPRU
    Financials

    Live finance-specific insights

    See more
    • Spruce Power Reports First Quarter 2025 Results

      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 reported financial results for the first quarter ended March 31, 2025. First Quarter 2025 Business Highlights Revenues of $23.8 million, up 30% from the year-earlier period Net loss attributable to stockholders of $15.3 million Operating EBITDA of $12.3 million, up 15% from the year-earlier period Total cash balance of $96.5 million as of March 31, 2025 Portfolio of approximately 85,000 home solar assets and contracts across 18 U.S. states as of March 31, 2025 Spruce PRO servicing approximately 60,000 residenti

      5/14/25 4:07:00 PM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Spruce Power to Release First Quarter 2025 Results and Host Conference Call on May 14

      Spruce Power Holding Corporation (NYSE:SPRU) ("Spruce"), a leading owner and operator of distributed solar energy assets across the United States, today announced that it will report first quarter 2025 financial results after the stock market close on Wednesday, May 14. Spruce will issue a press release reporting its results, which will be available on the Investor Relations section of its website at https://investors.sprucepower.com/overview/default.aspx. Management will then host a conference call and webcast for investors and analysts at 2:30 P.M. MDT to discuss the results. Spruce Power First Quarter 2025 Webcast and Conference Call Details When: Wednesday, May 14, 2025 Time

      5/5/25 3:00:00 PM ET
      $SPRU
      Auto Parts:O.E.M.
      Consumer Discretionary
    • Spruce Power Reports Fourth Quarter and Full-Year 2024 Results

      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 reported financial results for the fourth quarter and year ended December 31, 2024. Business Highlights Reported 4Q revenues of $20.2 million, net loss attributable to stockholders of $5.9 million and Operating EBITDA of $10.8 million Ended quarter with liquidity position of $72.8 million in unrestricted cash to support future growth and current operations Added approximately 9,800 home solar assets and customer contracts in 2024 via NJR Clean Energy Ventures, a subsidiary of New Jersey Resources Corporation (NYSE:NJ

      3/31/25 4:05:00 PM ET
      $NJR
      $SPRU
      Oil/Gas Transmission
      Utilities
      Auto Parts:O.E.M.
      Consumer Discretionary