SPRUCE POWER HOLDING CORP (SPRU): M&A transaction — Spruce Power acquires additional 18 residential solar systems from NJR Clean Energy Ventures for ~$0.5M

SPRUCE POWER HOLDING CORP

Acquired 18 solar energy systems from CEV (NJR subsidiary) for approx. $0.5M cash.
Total acquired systems under the original Nov 2024 APA now exceeds 9,900 systems.
Transaction closed on June 26, 2025, under existing Asset Purchase Agreement.
Incremental acquisition continues Spruce's residential solar portfolio expansion.

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 $0.5 million in cash (closed 2025-06-26).

Action: acquisition
Counterparty: NJR Clean Energy Ventures II Corporation
Consideration: approximately $0.5 million in cash
Closing: 2025-06-26

Exact text from the filing

On June 26, 2025, the Company acquired 18 additional solar energy systems from CEV, pursuant to the APA, for approximately $0.5 million in cash

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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 0001628280-25-033387

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