secwatch.observer — SEC 8-K summary
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Issuer:     SPRUCE POWER HOLDING CORP (SPRU)
CIK:        0001772720
Form:       8-K
Filed at:   2023-10-06T23:59:59+00:00
Accession:  0001213900-23-081194
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.03, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spruce Power announces 1-for-8 reverse stock split approved by stockholders
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- Reverse stock split at 1-for-8 ratio approved at special meeting on October 2, 2023.
- Effective October 6, 2023; split-adjusted trading begins October 9, 2023 under SPRU, new CUSIP 9837FR209.
- Purpose: to comply with NYSE continued listing requirements and attract institutional investors.
- No fractional shares issued; cash paid in lieu based on closing price on effective date.
- Proportional adjustments made to outstanding equity awards and warrants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772720/000121390023081194/0001213900-23-081194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772720/000121390023081194/ea186466-8k_sprucepower.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-081194

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