{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-11T09:11:08.616190+00:00","company":{"ticker":"SPRU","cik":1772720,"company_name":"SPRUCE POWER HOLDING CORP"},"pagination":{"limit":100,"returned":64,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"Mezzanine Partners III, L.P., AP Mezzanine Partners III, L.P., SS Offshore, L.P., and HPS Investment Partners, LLC","detail":"asset_purchase","count":1,"first_seen":"2023-03-29T23:59:59+00:00","last_seen":"2023-03-29T23:59:59+00:00","evidence_fact_ids":[168609]}],"lender":[{"display_name":"Deutsche Bank AG, New York Branch","detail":"term_loan","count":1,"first_seen":"2023-03-29T23:59:59+00:00","last_seen":"2023-03-29T23:59:59+00:00","evidence_fact_ids":[168610]}],"ma_counterparty":[{"display_name":"NJR Clean Energy Ventures II Corporation","detail":"acquisition","count":6,"first_seen":"2025-02-04T23:59:59+00:00","last_seen":"2025-09-10T23:59:59+00:00","evidence_fact_ids":[27317,28470,28601,84606,94049,96426]}]},"facts":[{"fact_type":"earnings_release","fact_key":"8baf0a0d5a5a16ada655f45ed63b79364b410d86","cik":1772720,"ticker":"SPRU","company_name":"SPRUCE POWER HOLDING CORP","filed_at":"2026-05-14T17:07:46+00:00","payload":{"eps_text":"$0.16 per share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$2.9 million net loss","period_text":"first quarter ended March 31, 2026","report_date":"2026-05-13","result_type":"reported_results","revenue_text":"$23.4 million"},"claim":"SPRUCE POWER HOLDING CORP reported first quarter ended March 31, 2026 results: revenue $23.4 million, net income $2.9 million net loss, EPS $0.16 per share.","evidence_excerpt":"Revenues totaled $23.4 million for the first quarter of 2026 , compared with $23.8 million for the first quarter of 2025. Revenues for the first quarter are in line with prior year revenues, representing stable asset performance. Total operating expenses were $19.6 million for the first quarter of 2026, compared to $25.5 million for the first quarter of 2025. The year-over-year decline in operating expense is attributed primarily to a decrease in operations and maintenance costs and ongoing cost management efforts implemented in the third quarter 2025. Core Operating Expenses, which includes both SG&A expenses and O&M expenses was $12.7 million in the aggregate for the first quarter of 2026, down from $18.6 million in the year-earlier period. This includes $11.6 million of SG&A expenses and O&M expenses of $1.2 million in the first quarter of 2026, down from SG&A expense of $14.7 million and O&M expense of $3.9 million for the first quarter of 2025. The decreases in both total operatin","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-26-034941","anchor_url":"https://secwatch.observer/filing/0001628280-26-034941#claim-8baf0a0d5a5a16ada655f45ed63b79364b410d86","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1772720/000162828026034941/0001628280-26-034941-index.htm"},{"fact_type":"earnings_release","fact_key":"3b62f5baecc052a705c771979de3fab4a8518bf8","cik":1772720,"ticker":"SPRU","company_name":"SPRUCE POWER HOLDING CORP","filed_at":"2026-03-30T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$26.0 million","period_text":"the full-year ended December 31, 2025","report_date":"2026-03-30","result_type":"reported_results","revenue_text":null},"claim":"SPRUCE POWER HOLDING CORP reported the full-year ended December 31, 2025 results: net income $26.0 million.","evidence_excerpt":"Net loss attributable to stockholders of $6.9 million and $26.0 million for the quarter and year, respectively, compared to net loss attributable to stockholders of $5.9 million and $70.5 million for the year-earlier periods","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-26-022031","anchor_url":"https://secwatch.observer/filing/0001628280-26-022031#claim-3b62f5baecc052a705c771979de3fab4a8518bf8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1772720/000162828026022031/0001628280-26-022031-index.htm"},{"fact_type":"earnings_release","fact_key":"9ba723f9932d6bec4adb9bd05b9cc20fb3c332e3","cik":1772720,"ticker":"SPRU","company_name":"SPRUCE POWER HOLDING CORP","filed_at":"2026-03-30T23:59:59+00:00","payload":{"eps_text":"$0.38 per share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$6.9 million","period_text":"the fourth quarter ended December 31, 2025","report_date":"2026-03-30","result_type":"reported_results","revenue_text":"$24.0 million"},"claim":"SPRUCE POWER HOLDING CORP reported the fourth quarter ended December 31, 2025 results: revenue $24.0 million, net income $6.9 million, EPS $0.38 per share.","evidence_excerpt":"Consolidated Financial Results Revenues totaled $24.0 million for the fourth quarter of 2025 , compared with $20.2 million for the fourth quarter of 2024. The year-over-year increase was primarily due to the November 2024 acquisition of a residential solar portfolio from NJR Clean Energy Ventures (\"NJR\") and improved solar renewable energy credits (\"SRECs\") revenue. The Spruce PRO service agreement signed with ADT in December 2024 also contributed to growth. Total operating expenses were $21.8 million for the fourth quarter of 2025, compared to $26.7 million for the fourth quarter of 2024. The year-over-year decline in operating expense is attributed primarily to a decrease in operations and maintenance costs and ongoing cost management efforts. Core Operating Expenses, which includes both SG&A expenses and O&M expenses was $14.9 million in the aggregate for the fourth quarter of 2025, down from $20.7 million in the year-earlier period. This includes $13.0 million of SG&A expenses and","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-26-022031","anchor_url":"https://secwatch.observer/filing/0001628280-26-022031#claim-9ba723f9932d6bec4adb9bd05b9cc20fb3c332e3","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1772720/000162828026022031/0001628280-26-022031-index.htm"},{"fact_type":"restructuring_charge","fact_key":"603aa98fa2585263f69eeeeef9898761e029ca1e","cik":1772720,"ticker":"SPRU","company_name":"SPRUCE POWER HOLDING CORP","filed_at":"2025-09-24T23:59:59+00:00","payload":{"affected_area":null,"charge_text":"approximately $1 million","effective_date":"2025-09-24","event_type":"restructuring","headcount_text":"approximately 40 employees and contractors, representing approximately 19% of the Company’s workforce","item_codes_triggered":["2.05"]},"claim":"SPRUCE POWER HOLDING CORP announced a restructuring with charges of approximately $1 million (approximately 40 employees and contractors, representing approximately 19% of the Company’s workforce).","evidence_excerpt":"who were informed of the reduction in force on September 24, 2025. In connection with the reduction in force, the Company estimates that it will incur charges of approximately $1 million, consisting primarily of cash expenditures for employee severance and related costs. The Company expects to recognize the majority of these charges in the third quarter of 2025.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-25-042593","anchor_url":"https://secwatch.observer/filing/0001628280-25-042593#claim-603aa98fa2585263f69eeeeef9898761e029ca1e","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1772720/000162828025042593/0001628280-25-042593-index.htm"},{"fact_type":"ma_transaction","fact_key":"d37eeaf59af35afbdedfe915902366cae8d079d7","cik":1772720,"ticker":"SPRU","company_name":"SPRUCE POWER HOLDING CORP","filed_at":"2025-09-10T23:59:59+00:00","payload":{"action":"acquisition","closing_date":"2025-09-05","consideration_text":"approximately $0.2 million in cash","counterparty":"NJR Clean Energy Ventures II Corporation","effective_date":"2025-09-05","item_codes_triggered":["2.01"]},"claim":"SPRUCE POWER HOLDING CORP completed an acquisition involving NJR Clean Energy Ventures II Corporation for approximately $0.2 million in cash (closed 2025-09-05).","evidence_excerpt":"On September 5, 2025, the Company acquired 7 additional solar energy systems from CEV, pursuant to the APA, for approximately $0.2 million in cash, subject to the terms and conditions set forth therein.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001772720-25-000003","anchor_url":"https://secwatch.observer/filing/0001772720-25-000003#claim-d37eeaf59af35afbdedfe915902366cae8d079d7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1772720/000177272025000003/0001772720-25-000003-index.htm"},{"fact_type":"ma_transaction","fact_key":"8ab31604bd337b5f2dc4f2a122689c59639db463","cik":1772720,"ticker":"SPRU","company_name":"SPRUCE POWER HOLDING CORP","filed_at":"2025-06-30T23:59:59+00:00","payload":{"action":"acquisition","closing_date":"2025-06-26","consideration_text":"approximately $0.5 million in cash","counterparty":"NJR Clean Energy Ventures II Corporation","effective_date":"2025-06-26","item_codes_triggered":["2.01"]},"claim":"SPRUCE POWER HOLDING CORP completed an acquisition involving NJR Clean Energy Ventures II Corporation for approximately $0.5 million in cash (closed 2025-06-26).","evidence_excerpt":"On June 26, 2025, the Company acquired 18 additional solar energy systems from CEV, pursuant to the APA, for approximately $0.5 million in cash","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-25-033387","anchor_url":"https://secwatch.observer/filing/0001628280-25-033387#claim-8ab31604bd337b5f2dc4f2a122689c59639db463","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1772720/000162828025033387/0001628280-25-033387-index.htm"},{"fact_type":"ma_transaction","fact_key":"53192cb30df041de765da040f840991b800c81cb","cik":1772720,"ticker":"SPRU","company_name":"SPRUCE POWER HOLDING CORP","filed_at":"2025-06-13T23:59:59+00:00","payload":{"action":"acquisition","closing_date":"2025-06-10","consideration_text":"approximately $0.7 million in cash","counterparty":"NJR Clean Energy Ventures II Corporation","effective_date":"2025-06-10","item_codes_triggered":["2.01"]},"claim":"SPRUCE POWER HOLDING CORP completed an acquisition involving NJR Clean Energy Ventures II Corporation for approximately $0.7 million in cash (closed 2025-06-10).","evidence_excerpt":"On June 10, 2025, the Company acquired 25 additional solar energy systems from CEV, pursuant to the APA, for approximately $0.7 million in cash, subject to the terms and conditions set forth therein.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-25-031114","anchor_url":"https://secwatch.observer/filing/0001628280-25-031114#claim-53192cb30df041de765da040f840991b800c81cb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1772720/000162828025031114/0001628280-25-031114-index.htm"},{"fact_type":"executive_change","fact_key":"3606b8df00","cik":1772720,"ticker":"SPRU","company_name":"SPRUCE POWER HOLDING CORP","filed_at":"2025-06-11T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-06-05","interim":true,"role":"Interim Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Thomas J. Cimino was appointed as Interim Chief Financial Officer at SPRUCE POWER HOLDING CORP.","evidence_excerpt":"The Board of Directors of the Company has appointed Mr. Cimino as the Company’s Interim Chief Financial Officer to serve as the Company’s principal financial officer and principal accounting officer effective June 5, 2025.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001628280-25-030599","anchor_url":"https://secwatch.observer/filing/0001628280-25-030599#claim-3606b8df00","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1772720/000162828025030599/0001628280-25-030599-index.htm"},{"fact_type":"executive_change","fact_key":"a7546904ed","cik":1772720,"ticker":"SPRU","company_name":"SPRUCE POWER HOLDING CORP","filed_at":"2025-05-06T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2025-05-14","interim":false,"role":"Chief Financial Officer and Head of 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Business Highlights • Reported 1Q revenue of $18.3 million, net loss attributable to stockholders of $2.5 million and Operating EBITDA of $10.7 million. • Ended quarter with strong liquidity position for future growth, with $120.6","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-24-023549","anchor_url":"https://secwatch.observer/filing/0001628280-24-023549#claim-cb6bbe1ad2a38bf130202e5fda828c65435fcb5d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1772720/000162828024023549/0001628280-24-023549-index.htm"},{"fact_type":"executive_change","fact_key":"cd292db688","cik":1772720,"ticker":"SPRU","company_name":"SPRUCE POWER HOLDING CORP","filed_at":"2024-04-25T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":null,"interim":false,"role":"Lead Director","role_category":"other","successor_name":null,"successor_named":false},"claim":"John Miller was appointed as Lead 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revenue $15.7 million, net income $30.4 million. 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Guidance reaffirmed.","evidence_excerpt":"assets across the United States, today reported financial results for the quarter ended September 30, 2023. Business Highlights • Third quarter revenue reaches a record level of $23.3 million. • By acquiring over 2,400 customer contracts in the third quarter, Spruce has grown its home solar assets and contracts to over 75,000, representing growth of 49%","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001628280-23-038691","anchor_url":"https://secwatch.observer/filing/0001628280-23-038691#claim-31d97d98401f32a416307849e8d7ef6f900c9eb8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1772720/000162828023038691/0001628280-23-038691-index.htm"},{"fact_type":"governance_change","fact_key":"692c89ce9ae8fc4bc6273e5911105a68488077ff","cik":1772720,"ticker":"SPRU","company_name":"SPRUCE POWER HOLDING CORP","filed_at":"2023-10-06T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2023-10-06","item_codes_triggered":["5.03"],"summary_text":"Amendment to Second Amended and Restated Certificate of Incorporation to effect a 1-for-8 reverse stock 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was approved as follows: Votes For: 78,775,096 Votes Against: 11,459,755 Abstentions: 235,024 Broker Non-Votes 0","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001213900-23-081194","anchor_url":"https://secwatch.observer/filing/0001213900-23-081194#claim-c1aa96975adabc670a9f122ca8e5c7f55b6f90ff","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1772720/000121390023081194/0001213900-23-081194-index.htm"},{"fact_type":"shareholder_vote","fact_key":"bbef3b0c8ab9e0783366a169116081df8700efdc","cik":1772720,"ticker":"SPRU","company_name":"SPRUCE POWER HOLDING CORP","filed_at":"2023-10-06T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-10-02","outcome":"passed","proposal_text":"Approve amendment to Certificate of Incorporation to effect a reverse stock split of Common Stock at a ratio of 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0","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001213900-23-081194","anchor_url":"https://secwatch.observer/filing/0001213900-23-081194#claim-bbef3b0c8ab9e0783366a169116081df8700efdc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1772720/000121390023081194/0001213900-23-081194-index.htm"},{"fact_type":"earnings_release","fact_key":"398762c9f58d40f5e1f54b62580c076de8e76c45","cik":1772720,"ticker":"SPRU","company_name":"SPRUCE POWER HOLDING CORP","filed_at":"2023-08-10T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"initiated","item_codes_triggered":["2.02"],"net_income_text":"$3.1 million","period_text":"the second quarter ended June 30, 2023","report_date":"2023-08-10","result_type":"reported_results","revenue_text":"$22.8 million"},"claim":"SPRUCE POWER HOLDING CORP reported the second quarter ended June 30, 2023 results: revenue $22.8 million, net income $3.1 million. 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222,912","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001213900-23-043016","anchor_url":"https://secwatch.observer/filing/0001213900-23-043016#claim-6922a0958ffb6a995b45d50403e8406d29d2d9cb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1772720/000121390023043016/0001213900-23-043016-index.htm"},{"fact_type":"shareholder_vote","fact_key":"bde7e80a148824a5abd09b53858eef87675432e6","cik":1772720,"ticker":"SPRU","company_name":"SPRUCE POWER HOLDING CORP","filed_at":"2023-05-25T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-05-25","outcome":"passed","proposal_text":"Election of Directors","proposal_type":"director_election","results":[{"broker_non_votes":"36,548,208","subject":"Christian Fong","votes_abstain":null,"votes_against":null,"votes_for":"55,497,225","votes_withheld":"1,858,341"},{"broker_non_votes":"36,548,208","subject":"Jonathan 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