SPRUCE POWER HOLDING CORP (SPRU): M&A transaction — Spruce Power acquires 66 residential solar systems from NJR Clean Energy Ventures for $1.7M cash

SPRUCE POWER HOLDING CORP

Acquired 66 solar energy systems from CEV on April 24, 2025 for approximately $1.7 million in cash.
This is an additional acquisition under the existing APA dated November 22, 2024, with NJR Clean Energy Ventures II Corporation.
Prior amendments under this APA included 9,800 systems (Nov 2024), 41 systems (Feb 2025), and 42 systems (Mar 2025).

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 $1.7 million in cash (closed 2025-04-24).

Action: acquisition
Counterparty: NJR Clean Energy Ventures II Corporation
Consideration: approximately $1.7 million in cash
Closing: 2025-04-24

Exact text from the filing

On April 24, 2025, the Company acquired 66 additional solar energy systems from CEV, pursuant to the APA, for approximately $1.7 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 0001628280-25-020780

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