SPRUCE POWER HOLDING CORP (SPRU): M&A transaction — Spruce Power acquires additional 42 solar systems from NJR subsidiary for ~$1.0M

SPRUCE POWER HOLDING CORP

Acquired 42 additional solar energy systems from NJR Clean Energy Ventures II Corp for ~$1.0M cash.
This is the third amendment; prior deals closed 9,800 (Nov 2024) and 41 (Feb 2025) systems.
Systems acquired under the same Asset Purchase Agreement dated Nov 22, 2024.
Transaction completed by wholly-owned subsidiary Spruce Power 5, LLC.

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 for approximately $1.0 million (closed 2025-02-28).

Action: acquisition
Counterparty: NJR Clean Energy Ventures II Corporation
Consideration: approximately $1.0 million
Closing: 2025-02-28

Exact text from the filing

On February 28, 2025, the Company acquired 42 additional solar energy systems from CEV, pursuant to the APA, for approximately $1.0 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 0001628280-25-010090

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