M&A
confidence high
sentiment neutral
materiality 0.60
Spruce Power completes SS Holdings acquisition; audited financials show $6.8M net income
SPRUCE POWER HOLDING CORP
- Acquisition of SS Holdings closed March 23, 2023; financials filed in 8-K/A.
- SS Holdings FY2022: net income $6.822M, total revenues $10.125M.
- Total assets $185.0M, liabilities $123.1M, members' deficit $61.9M as of Nov '22.
- Cash and restricted cash $79.5M; notes payable net $122.3M.