Welcome to our dedicated page for SPRUCE POWER HOLDING SEC filings (Ticker: SPRU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Spruce Power Holding Corporation filings document the company’s public-company disclosures as an owner and operator of distributed residential solar assets. Form 8-K reports cover operating results, financial condition, material events, material agreements, capital-structure matters, and governance updates for its NYSE-listed common stock.
The filing record includes disclosures on quarterly results, shareholder proposal and director nomination notice procedures, operational streamlining costs, and amendments related to residential solar portfolio acquisition records. These documents also address security registration details, board-approved actions, pro forma financial information, and other event-driven reporting tied to Spruce Power’s solar asset and customer-contract portfolio.
Spruce Power Holding Corporation filed Amendment No. 3 to its annual report for the year ended December 31, 2025. The amendment primarily corrects exhibit references and files updated auditor consents; financial statements and other disclosures are unchanged from the prior amendment.
For 2025, Spruce Power generated $111.8 million in revenue, compared with $82.1 million in 2024, and reported a net loss attributable to stockholders of $26.0 million, versus $70.5 million. At year-end, total assets were about $837.3 million, total equity $121.3 million, non-recourse debt $676.8 million, and cash, cash equivalents and restricted cash $93.1 million.
Both management and the independent auditor highlight substantial doubt about Spruce Power’s ability to continue as a going concern, citing a large SP1 Facility debt maturing on October 30, 2026 (potentially January 30, 2027), negative working capital of $122.9 million, recurring net losses, and negative operating cash flows. Management plans to refinance the SP1 Facility but notes there is no committed financing; failure to refinance could lead to foreclosure on collateral and a cross-default on another non-recourse facility.
Spruce Power Holding Corporation appointed Bobby L. Owens as General Counsel, effective July 13, 2026. His compensation includes a $325,000 initial annual base salary, a target annual cash bonus equal to 60% of base salary, and a $100,000 restricted stock unit sign-on award.
Owens will also be eligible for annual RSU grants valued at 75% of base salary, vesting over four years, and will participate in an Executive Severance Plan with benefits based on 1.5x base salary plus full target bonus, subject to phased eligibility through 2026. The Board also approved termination of Chief Legal Officer Jonathan Norling, with a separation agreement to be disclosed once finalized.
Steel Partners-affiliated entities filed an amended Schedule 13D reporting a significant stake in Spruce Power Holding Corp. SP Strategic Holdings LLC directly owns 3,429,380 common shares, about 18.7% of Spruce’s 18,369,300 shares outstanding as of June 16, 2026. The Steel Partners entities may be deemed to share voting and dispositive power over these shares. Jack L. Howard directly owns 50,000 shares, or 0.3% of the company. The filing notes ongoing discussions with Spruce about governance, board composition and the possibility of redomiciling to Texas. Spruce’s proxy statement also announces Howard’s nomination for election to the board for a three-year term at the 2026 annual meeting.
Spruce Power Holding Corporation reported that director Ja-chin Audrey Lee resigned from the company’s board effective immediately on June 17, 2026. She had been serving as a Class C director, with a term that was scheduled to expire at the company’s 2026 Annual Meeting of Stockholders.
Spruce Power Holding Corporation is asking stockholders to vote on several governance and corporate structure items at its 2026 virtual annual meeting. Stockholders will elect two Class C directors, hold an advisory vote on executive pay, and ratify CohnReznick LLP as auditor for the year ending December 31, 2026.
The company is also seeking approval to redomicile from Delaware to Texas and to add transfer restrictions to its charter designed to preserve tax benefits from net operating losses. An adjournment proposal would allow extra time to solicit votes if support for these items is initially insufficient. The meeting will be held online on August 11, 2026, for holders of 18,369,300 outstanding shares of common stock as of June 16, 2026.
Spruce Power Holding Corp’s Chief Legal Officer, Jonathan McWhinnie Norling, reported an open-market sale of 15,000 shares of Common Stock on June 15, 2026. The weighted average sale price was $2.836 per share, within a range of $2.81 to $2.93. After this transaction, he directly holds 403,252 shares of Spruce Power common stock.
Spruce Power Holding Corporation is soliciting proxies for its 2026 Annual Meeting of Stockholders to be held virtually at August 11, 2026 at 11:00 a.m. Eastern Time. Stockholders of record as of June 16, 2026 may vote.
The Board asks stockholders to vote on: (1) electing two Class C directors for three-year terms expiring in 2029, (2) an advisory vote on executive compensation, (3) ratifying CohnReznick, LLP as independent auditors for the 2026 fiscal year, (4) approving redomiciliation from Delaware to Texas, (5) approving charter transfer restrictions intended to preserve net operating loss tax benefits, and (6) approval to adjourn the meeting if needed to solicit additional votes. Proxy materials were first made available on or about June 22, 2026.
Spruce Power Holding Corporation is soliciting proxies for its virtual 2026 Annual Meeting to be held at 11:00 a.m. Eastern on July 3, 2026. Stockholders of record as of May 4, 2026 may vote on (1) election of two Class C directors, (2) an advisory vote on executive compensation, (3) ratification of CohnReznick, LLP as auditor, (4) redomiciliation from Delaware to Texas, (5) charter transfer restrictions intended to preserve net operating losses, and (6) adjournment authority to solicit additional votes if needed. The Board recommends voting FOR each proposal. Materials are first being made available on or about June 1, 2026. Additional meeting logistics, virtual registration procedures, and voting methods are described in the proxy statement.
Spruce Power Holding Corporation reported a smaller net loss but raised serious liquidity concerns. For the three months ended March 31, 2026, revenue was $23.4 million, roughly flat with $23.8 million a year earlier, while net loss attributable to stockholders improved to $2.9 million from $15.3 million, or $0.16 per share versus $0.84.
The loss narrowed mainly through lower operations and maintenance costs, reduced selling, general and administrative expenses, and a favorable $0.8 million change in the fair value of interest rate swaps compared with a $6.2 million loss in 2025. Cash and cash equivalents were $50.0 million with $35.6 million of restricted cash, against $668.3 million of non-recourse debt (principal $687.3 million).
The company discloses that upcoming maturities on its SP1 Facility, due October 30, 2026 (or January 30, 2027 if a long-term financing term sheet is signed), and its SP2 Facility, due May 14, 2027, create substantial doubt about its ability to continue as a going concern. Management plans to refinance these facilities and has begun lender discussions, but there is no committed refinancing, and failure could lead to foreclosure on collateral and a cross-default under another non-recourse credit agreement.
Spruce Power Holding Corporation reported a sharply improved first quarter 2026. Revenue was stable at $23.4 million versus $23.8 million a year earlier, while income from operations swung to a $3.8 million profit from a $1.7 million loss. Operating EBITDA reached $18.4 million, up 49% year-over-year, reflecting a 70% drop in operations and maintenance expense and a 21% decline in selling, general and administrative costs. The net loss attributable to stockholders narrowed to $2.9 million, or $0.16 per share, from $15.3 million, or $0.84 per share. Adjusted Cash Flow from Operations turned positive at $2.6 million compared with $3.2 million used in the prior-year quarter. Spruce ended the period with $85.6 million of cash, or $4.71 per share, and $687.3 million of non-recourse project debt at a blended 6.2% rate.