Every 8-K that Spruce Power Holding Corporation (SPRU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SPRU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPRU filings page.
Spruce Power Holding Corporation (SPRU) reports results of its reconvened 2026 annual stockholders meeting held on August 25, 2026. Stockholders elected two Class C directors, Jonathan J. Ledecky and Jack L. Howard, to serve until the 2029 annual meeting and approved all other proposals presented.
Stockholders gave advisory approval to the compensation of the named executive officers, ratified CohnReznick, LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, approved the redomiciliation of the company from Delaware to Texas, and approved charter transfer restrictions intended to preserve tax benefits associated with the company’s net operating losses. There were 18,369,300 common shares outstanding as of the June 16, 2026 record date.
Spruce Power Holding Corporation reported stronger profitability for the quarter ended June 30, 2026, while filing an amendment that only corrects the signing officer’s identity. Operating income rose to $9.8 million from $8.9 million a year earlier, and net results swung to a $3.3 million profit attributable to stockholders from a $3.0 million loss. Revenues declined to $30.3 million from $33.3 million, but tighter cost control lowered total operating expenses to $20.6 million from $24.4 million. Core Operating Expenses fell to $13.8 million from $17.4 million, driven mainly by reduced SG&A.
Record Operating EBITDA reached $26.5 million, up from $24.6 million, supported by cost reductions and proceeds from the SEMTH master lease and contract buyouts. The company ended the quarter with $81.5 million in cash, cash equivalents and restricted cash, or $4.24 per share, and non‑recourse debt principal of $679.5 million at a blended 6.2% interest rate. Net cash used in operating activities was $3.2 million, while Adjusted Cash Flow from Operations was $4.8 million. Spruce’s gross portfolio value on a PV6 basis was $802.0 million, backed by cash flows from approximately 83,000 owned home solar assets and services for about 60,000 third‑party systems.
Spruce Power Holding Corporation reported improved profitability for the quarter ended June 30, 2026. Operating income rose to $9.8 million from $8.9 million a year earlier, and net income attributable to stockholders swung to a $3.3 million profit from a $3.0 million loss.
Revenue declined to $30.3 million from $33.3 million, but total operating expenses fell 16% to $20.6 million, driven mainly by a 26% reduction in SG&A. Operating EBITDA reached a record $26.5 million, up 7% year over year. Adjusted Cash Flow from Operations was $4.8 million, while GAAP net cash used in operations was $3.2 million.
Spruce ended the quarter with $81.5 million in cash, cash equivalents and restricted cash, and non-recourse project debt principal of $679.5 million at a blended 6.2% interest rate. The company reports a gross portfolio value (PV6) of $802.0 million and owns cash flows from about 83,000 home solar assets, plus services roughly 60,000 third-party systems.
Spruce Power Holding Corporation held its 2026 annual stockholder meeting on August 11, 2026 and submitted only Proposal Six, an Adjournment Proposal to approve adjourning the meeting to a later date if necessary. On the June 16, 2026 record date, 18,369,300 common shares were issued and outstanding.
Stockholders cast 11,832,946 votes for the Adjournment Proposal, 890,184 against, and 92,408 abstentions, with no broker non-votes, satisfying the majority-of-votes-cast requirement. The annual meeting was then adjourned to August 25, 2026 at 11:00 a.m. Eastern Time. Proposals One through Five were not voted on and will be considered at the reconvened meeting, using the same June 16, 2026 record date and unchanged proposal terms. Previously submitted proxies remain valid unless changed.
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.
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 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.
Spruce Power Holding Corporation is updating the timeline for shareholder participation in its 2026 annual meeting. The company has announced an additional extension of the deadline for shareholders to submit proposals or nominate directors under its Amended and Restated Bylaws.
Shareholder proposals or director nominations must now be received at the company’s principal executive office, with all information required by the bylaws, no later than April 30, 2026. Submissions after that date will be considered untimely or not properly brought before the 2026 annual meeting.
Spruce Power Holding Corporation reported its strongest results to date for 2025, highlighted by a return to positive operating income and sharply higher cash generation. Full-year revenues reached $111.8 million, with operating income of $17.9 million compared with a $50.4 million loss in 2024. Operating EBITDA rose to $80.1 million, up 49% year over year, while Adjusted Cash Flow from Operations increased to $31.6 million from $7.1 million.
The company used this improved performance to strengthen its balance sheet, making $35.1 million of debt principal payments in 2025 and ending the year with $93.1 million of cash, or $5.13 per share. Despite these gains, Spruce still posted a net loss attributable to stockholders of $26.0 million, or $1.44 per share, though this was substantially better than the $70.5 million loss in 2024. Management emphasized structurally lower operating costs, including a 64% decline in fourth-quarter O&M expense and a 16% reduction in SG&A, and reported a gross portfolio value of $848.0 million on a PV6 basis.
Spruce Power Holding Corporation announced a new deadline for shareholders who want to submit proposals or nominate directors for its 2026 annual meeting. To be considered, proposals and nominations under the Company’s Amended and Restated Bylaws must arrive at its principal executive office by April 3, 2026.
Submissions received after April 3, 2026 will be treated as untimely and not properly brought before the 2026 annual meeting. Shareholders must include all information required by the Amended and Restated Bylaws when submitting their materials.
Spruce Power Holding Corporation appointed Thomas J. Cimino as its full-time Chief Financial Officer, effective December 1, 2025. He had been serving as Interim CFO since June 2025 through an arrangement with Element 78 Partners, and previously held senior finance roles at EnfraGen LLC and Vantage Drilling International.
Under his Offer Letter, Mr. Cimino will receive a minimum base salary of $350,000 per year, with a target annual bonus equal to 75% of salary. He will receive a sign-on grant of restricted stock units for 60,000 shares and a 2026 long-term incentive grant of restricted stock units valued at $311,250. The Offer Letter also provides change-in-control severance benefits of 1.5 times base salary, partial severance protection through May 31, 2026, and accelerated vesting of the 60,000-share grant, after which his severance terms will be governed by the company’s Executive Severance Plan.
Spruce Power Holding Corporation furnished an Item 2.02 Form 8-K announcing results for the third quarter ended September 30, 2025. The company reported these results via a press release incorporated by reference as Exhibit 99.1.
The furnished materials are not deemed filed for purposes of Section 18 of the Exchange Act and are not incorporated into other filings unless specifically referenced. Exhibit 99.1 is the press release dated November 10, 2025.
Spruce Power Holding Corporation approved a plan to streamline operations through a reduction in force. The company expects these actions, including staff cuts, to generate approximately $20 million in annualized cost savings once fully implemented.
The reduction affects about 40 employees and contractors, or roughly 19% of the workforce, who were notified on September 24, 2025. Spruce Power estimates it will incur around $1 million of charges, mainly for severance and related cash costs, with most of these recognized in the third quarter of 2025.
Spruce Power Holding Corporation reported that it has completed another small add-on acquisition under an existing asset purchase agreement for residential solar assets. On September 5, 2025, the company acquired 7 additional solar energy systems from NJR Clean Energy Ventures II Corporation for approximately $0.2 million in cash, pursuant to the previously disclosed Asset Purchase Agreement. This transaction follows earlier incremental purchases under the same agreement, further expanding Spruce Power’s portfolio of owned residential solar systems.
Spruce Power Holding Corporation filed a Form 8-K to report that it has released its results for the second quarter ended June 30, 2025. On August 11, 2025, the company issued a press release detailing these results, which is provided as Exhibit 99.1 and incorporated by reference.
The disclosure under Item 2.02, including the press release, is being furnished rather than filed, meaning it is not subject to certain liability provisions of the securities laws unless specifically incorporated into other filings. The 8-K also includes the cover page interactive data file as Exhibit 104.