---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-020771"
form_type: "8-K"
ticker: "SPRU"
cik: "0001772720"
company_name: "SPRUCE POWER HOLDING CORP"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:29:55.326739+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Spruce Power proposes settlement of derivative shareholder litigation; hearing July 31, 2024

## Summary
- Court preliminarily approved stipulation on April 22, 2024; final fairness hearing set for July 31, 2024.
- Settlement requires Spruce Power to adopt/maintain corporate governance reforms as detailed in Exhibit A.
- No monetary recovery for stockholders; fee and expense amount for plaintiffs' counsel to be set by court.
- Service awards up to $2,000 each to four plaintiffs, payable from any approved fee and expense amount.
- Upon final approval, Delaware derivative action will be dismissed with prejudice and litigation demand withdrawn.

## SEC filing metadata
- accession: 0001628280-24-020771
- form_type: 8-K
- ticker: SPRU
- cik: 0001772720
- company_name: SPRUCE POWER HOLDING CORP
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1772720/000162828024020771/0001628280-24-020771-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1772720/000162828024020771/spru-20240506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-020771
- JSON: https://secwatch.observer/filing/0001628280-24-020771.json
- Plain text: https://secwatch.observer/filing/0001628280-24-020771.txt

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