SPRUCE POWER HOLDING CORP (SPRU): M&A transaction — Spruce Power acquires 41 residential solar systems from NJR Clean Energy for $0.5M

SPRUCE POWER HOLDING CORP

Completion of additional acquisition of 41 solar energy systems from CEV (NJR subsidiary) for $0.5M cash.
Transaction closed on January 29, 2025 under the APA dated November 22, 2024.
This is in addition to the previously announced ~9,800 systems covered by the same APA.
Consideration paid entirely in cash; terms and conditions per the original APA.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SPRUCE POWER HOLDING CORP completed an acquisition involving NJR Clean Energy Ventures II Corporation (CEV) for approximately $0.5 million in cash (closed 2025-01-29).

Action: acquisition
Counterparty: NJR Clean Energy Ventures II Corporation (CEV)
Consideration: approximately $0.5 million in cash
Closing: 2025-01-29

Exact text from the filing

On January 29, 2025, the Company acquired 41 additional solar energy systems from CEV, pursuant to the APA, for approximately $0.5 million in cash, subject to the terms and conditions set forth therein.

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

SPRUCE POWER HOLDING CORP filing history →

Source: SEC EDGAR

accession 0001628280-25-003623

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