secwatch.observer — SEC 8-K summary
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Issuer:     SPRUCE POWER HOLDING CORP (SPRU)
CIK:        0001772720
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001213900-21-055775
Event type: leadership
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XL Fleet appoints Eric Tech as CEO; prelim Q3 revenue $3.2M, cash $367M
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- Eric Tech named CEO effective Dec 1, 2021; succeeds Dimitri Kazarinoff stepping down to pursue other opportunities.
- Preliminary Q3 2021 revenue ~$3.2M ($0.6M drive systems, $2.6M XL Grid); hurt by supply chain issues including chip shortages.
- Cash and cash equivalents ~$367M as of Sep 30, 2021.
- Director Declan Flanagan resigned effective Oct 31, 2021 due to change in principal occupation; no disagreement with company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772720/000121390021055775/0001213900-21-055775-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772720/000121390021055775/ea149711-8k_xlfleetcorp.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-055775

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer