secwatch.observer — SEC 8-K summary
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Issuer:     SPRUCE POWER HOLDING CORP (SPRU)
CIK:        0001772720
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001213900-23-025422
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spruce Power receives NYSE delisting notice; average closing price below $1.00 for 30 days
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772720/000121390023025422/0001213900-23-025422-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772720/000121390023025422/ea176014-8k_sprucepower.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-025422

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