M&A - SPRUCE POWER HOLDING CORP
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.
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Additional details:
Completion Date: 2025-02-28
Acquired Assets Count: 42
Acquisition Price: 1.0 million
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.
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Additional details:
Item 9 01 Financial Statements And Exhibits A: Audited abbreviated financial statements of the acquired assets and accompanying notes for the years ended September 30, 2024, and 2023.
Item 9 01 Financial Statements And Exhibits B: Unaudited pro forma condensed combined financial statements relating to the acquisition of the acquired assets as of September 30, 2024.
Item 9 01 Financial Statements And Exhibits D: Includes consent of independent auditor and other exhibits related to the financial statements.
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.
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Additional details:
Date Of Report: 2025-01-29
Acquired Assets: 41 solar energy systems
Total Acquisition Price: $0.5 million
Acquirer: Spruce Power Holding Corporation
Acquired From: NJR Clean Energy Ventures II Corporation
Original Acquisition Date: 2024-11-26
Asset Purchase Agreement Date: 2024-11-22
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