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Spruce Power Holding (NYSE: SPRU) has announced a notice regarding the settlement of stockholder derivative matters, involving claims of breach of fiduciary duty in connection with a merger. The proposed settlement aims to resolve the claims and provide corporate governance reforms. Current stockholders are advised of their rights in relation to the settlement and the upcoming hearing. The settlement involves a court-approved Stipulation that requires the company to adopt certain reforms and procedures. The court will determine the fee and expense amount for plaintiffs' counsel. Stockholders have the right to object to the settlement and must follow specific procedures to do so.
Spruce Power Holding (NYSE: SPRU) will release its first quarter 2024 financial results on May 15 after the stock market close. The company will host a conference call and webcast to discuss the results with investors and analysts.
