secwatch.observer — SEC 8-K summary
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Issuer:     SPRUCE POWER HOLDING CORP (SPRU)
CIK:        0001772720
Form:       8-K/A
Filed at:   2025-04-04T23:59:59+00:00
Accession:  0001628280-25-016624
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spruce Power dismisses Deloitte as auditor; material weaknesses disclosed in internal controls
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- Deloitte dismissed effective March 31, 2025, after completing FY2024 audit.
- No disagreements on accounting principles or audit scope during fiscal years 2023-2024 and interim period.
- Material weaknesses in internal control over financial reporting identified for FY2024 and FY2023.
- Weaknesses include control environment, revenue recognition, and complex transaction accounting.
- Deloitte's audit reports for 2024 and 2023 contained no adverse opinion or qualification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1772720/000162828025016624/0001628280-25-016624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1772720/000162828025016624/spru-20250130.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-016624

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