SPRUCE POWER HOLDING CORP (SPRU): Nasdaq/NYSE listing notice — Spruce Power receives NYSE delisting notice; average closing price below $1.00 for 30 days

SPRUCE POWER HOLDING CORP

On March 28, 2023, NYSE notified Spruce Power that its average closing price was below $1.00 over 30 consecutive trading days.
Company has six months to cure by having a closing price ≥$1.00 on the last trading day and a 30-day average ≥$1.00.
Intends to consider share repurchase or reverse stock split (subject to shareholder approval) to regain compliance.
Common stock continues trading on NYSE; compliance with other listing standards is unaffected.
Notice does not impact business operations, SEC reporting, or contractual obligations.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

SPRUCE POWER HOLDING CORP received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

March 28, 2023, Spruce Power Holding Corp. (the “Company”) was notified by the New York Stock Exchange (the “NYSE”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s stock was less than $1.00 over a consecutive 30 day trading period. The Company will notify the NYSE on or prior to April 11, 2023 that it intends to cure the stock price deficiency and to return to compliance with the NYSE continued listing standard. The Company can regain compliance at any time within the six-month period following receipt of th

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20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

SPRUCE POWER HOLDING CORP filing history →

Source: SEC EDGAR

accession 0001213900-23-025422

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