m_and_a
confidence high
sentiment neutral
materiality 0.20
Spruce Power acquires 7 solar systems from NJR Clean Energy for $0.2M
SPRUCE POWER HOLDING CORP
- Acquired 7 residential solar energy systems from NJR Clean Energy Ventures II (CEV) on Sept 5, 2025.
- Purchase price of approximately $0.2 million in cash, under existing Asset Purchase Agreement.
- This is the seventh amendment to the original Nov 2024 8-K covering a ~9,800-system portfolio; total added systems now 199.
- No other terms or conditions of the APA were modified by this tranche.
item 9.01item 2.01