M&A - SPRUCE POWER HOLDING CORP

Form Type: 8-K/A

Filing Date: 2025-06-30

Corporate Action: Acquisition

Type: Update

Accession Number: 000162828025033387

Filing Summary: On June 26, 2025, Spruce Power Holding Corporation acquired 18 additional solar energy systems from NJR Clean Energy Ventures II Corporation (CEV) as part of an Asset Purchase Agreement (APA). The acquisition was valued at approximately $0.5 million in cash, following a series of prior acquisitions from CEV. This amendment updates the previous Form 8-K filings that reported multiple acquisitions made by the company from November 2024 through June 2025, detailing a total of acquisitions amounting to 41, 42, 66, and 25 solar energy systems in earlier amendments.

Form Type: 8-K/A

Filing Date: 2025-06-13

Corporate Action: Acquisition

Type: Update

Accession Number: 000162828025031114

Filing Summary: On June 10, 2025, Spruce Power Holding Corporation completed the acquisition of 25 additional solar energy systems from NJR Clean Energy Ventures II Corporation (CEV) pursuant to an Asset Purchase Agreement (APA). This acquisition represents part of a series of acquisitions initially reported in the Original Form 8-K filed on November 26, 2024. The total cost for this additional acquisition was approximately $0.7 million in cash. This filing serves as an update to the previously amended filings regarding the ongoing acquisitions from CEV. The prior amendments noted additional acquisitions of solar systems made on various dates.

Form Type: 8-K/A

Filing Date: 2025-04-30

Corporate Action: Acquisition

Type: Update

Accession Number: 000162828025020780

Filing Summary: On April 24, 2025, Spruce Power Holding Corporation completed the acquisition of 66 additional solar energy systems from NJR Clean Energy Ventures II Corporation (CEV) for approximately $1.7 million in cash, pursuant to an Asset Purchase Agreement (APA) originally established on November 22, 2024. This acquisition adds to previous acquisitions reported on prior amendments and does not change any other aspects of the earlier filings.

Form Type: 8-K/A

Filing Date: 2025-03-05

Corporate Action: Acquisition

Type: Update

Accession Number: 000162828025010090

Filing Summary: On March 5, 2025, Spruce Power Holding Corporation filed Amendment No. 3 to its Original Form 8-K to report the completion of an additional acquisition of solar energy systems from NJR Clean Energy Ventures II Corporation (CEV). This acquisition, which occurred on February 28, 2025, consisted of 42 solar energy systems pursuant to the existing Asset Purchase Agreement (APA) and was completed for approximately $1.0 million in cash. This update follows previous amendments reporting additional acquisitions related to the same APA.

Form Type: 8-K/A

Filing Date: 2025-02-10

Corporate Action: Acquisition

Type: Update

Accession Number: 000162828025004675

Filing Summary: On February 10, 2025, Spruce Power Holding Corporation filed Amendment No. 2 to its Form 8-K originally filed on November 26, 2024. The amendment includes financial statements and pro forma financial information regarding the acquisition of a residential solar portfolio from NJR Clean Energy Ventures II Corporation by its wholly-owned subsidiary, Spruce Power 5, LLC. The audited financial statements for the acquired assets for the years ending September 30, 2024, and 2023, along with the unaudited pro forma condensed combined financial statements, are included in the amendment. The amendment does not modify the original reporting apart from these additional financial disclosures.

Form Type: 8-K/A

Filing Date: 2025-02-04

Corporate Action: Acquisition

Type: Update

Accession Number: 000162828025003623

Filing Summary: On January 29, 2025, Spruce Power Holding Corporation acquired 41 additional solar energy systems from NJR Clean Energy Ventures II Corporation (CEV) for approximately $0.5 million in cash, pursuant to an Asset Purchase Agreement (APA) previously established between CEV and its wholly-owned subsidiary, Spruce Power 5, LLC (SP5). This acquisition is part of a larger agreement initially reported on November 26, 2024, where SP5 agreed to acquire approximately 9,800 solar energy systems from CEV. This amendment to the 8-K reports the completion of the additional acquisition while not modifying the original report.