---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-005375"
form_type: "8-K"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:44:56.738016+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Spruce Power to pay $19.5M to settle securities class action; court preliminarily approved

## Summary
- Company funds ~$15.5M; D&O insurers expected to fund ~$4M of $19.5M total settlement.
- Court preliminarily approved settlement on Jan 18, 2024; final approval hearing scheduled Apr 30, 2024.
- Settlement resolves claims of false statements about revenue, sales pipeline, supply chain from Sep 2020 to Mar 2021.
- Company had already accrued the settlement amount as of Sep 30, 2023, per prior Q3 2023 disclosure.
- Company admits no wrongdoing; settlement is not an admission of liability.

## SEC filing metadata
- accession: 0001213900-24-005375
- form_type: 8-K
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772720/000121390024005375/0001213900-24-005375-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000121390024005375/ea191983-8k_sprucepower.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-005375
- JSON: https://secwatch.observer/filing/0001213900-24-005375.json
- Plain text: https://secwatch.observer/filing/0001213900-24-005375.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.