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:  0001213900-23-025447
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spruce Power (SPRU) fails NYSE price listing standard; average close below $1.00 over 30 days
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- On March 28, 2023, NYSE notified Spruce Power that its average closing price fell below $1.00 over 30 consecutive trading days.
- Company has six months from notice to regain compliance, e.g., by having closing price ≥$1.00 on last trading day of any month.
- Common stock continues to trade on NYSE under symbol SPRU during the cure period.
- Spruce Power intends to consider all available alternatives to cure the deficiency.
- The NYSE notice does not affect business operations, SEC reporting, or contractual obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772720/000121390023025447/0001213900-23-025447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772720/000121390023025447/ea176119-8k_spruce.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-025447

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