---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-100277"
form_type: "8-K"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2024-11-20T23:59:59+00:00"
generated_at: "2026-05-29T22:03:59.679927+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Spruce Power agrees to pay $4.75M to settle class action from SPAC merger

## Summary
- Company to pay $4.75M to settlement fund to resolve consolidated class action in Delaware Chancery Court.
- Settlement covers claims of breach of fiduciary duty in connection with the December 2020 XL Fleet/Pivotal II merger.
- Settlement fund will cover notice, administration, class counsel fees, and class member compensation; no reverter.
- Company and defendants deny any wrongdoing or liability; settlement is not an admission of fault.
- If settlement is not finalized or approved, company will vigorously defend and believes meritorious defenses exist.

## SEC filing metadata
- accession: 0001213900-24-100277
- form_type: 8-K
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2024-11-20T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772720/000121390024100277/0001213900-24-100277-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000121390024100277/ea0221902-8k_spruce.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-100277
- JSON: https://secwatch.observer/filing/0001213900-24-100277.json
- Plain text: https://secwatch.observer/filing/0001213900-24-100277.txt

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