SPRUCE POWER HOLDING CORP (SPRU) SEC Filings, Jul-Aug 2026

Ja-Chin A. Lee filed a notice of proposed sale of 14,684 shares of SPRU common stock under Form 144 through Fidelity Brokerage Services LLC on or after 08/17/2026 on the NYSE. The filing lists an aggregate market value of $29,221.16 for these shares and cites their acquisition via restricted stock vesting on 08/12/2025 as compensation. The issuer reports approximately 19,252,186 common shares outstanding. Over the past three months, Lee has sold 18,847 shares of common stock for $37,505.53.

Spruce Power Holding Corporation (SPRU) filed a notice of proposed sale of restricted shares. The reporting holder plans to sell 18,847 shares of common stock through Fidelity Brokerage Services LLC on the NYSE, with an aggregate market value of $37,505.53. These shares arise from restricted stock vesting events on April 14, 2025 (13,191 shares) and August 12, 2025 (5,656 shares). The filing also notes that 19,252,186 shares of common stock were outstanding.

Spruce Power Holding Corporation operates a portfolio of approximately 83,000 residential solar assets and customer contracts, generating revenue mainly from long-term power purchase and lease agreements, sales of solar renewable energy credits (SRECs), and servicing third‑party systems. For the quarter ended June 30, 2026, revenue was $30.3 million versus $33.3 million a year earlier, while operating expenses declined more sharply, lifting income from operations to $9.8 million from $8.9 million. Net income attributable to stockholders improved to $3.3 million (basic EPS $0.18) from a loss of $3.0 million (loss per share $0.17) in 2025; for the first six months, net income was $0.4 million compared with a loss of $18.3 million.

Cash and cash equivalents totaled $44.7 million and restricted cash $36.9 million at June 30, 2026, against total non‑recourse debt of $662.6 million (principal $679.5 million), most secured by solar assets. The company reported negative operating cash flow of $5.9 million for the first half of 2026, an improvement from $11.5 million used a year earlier. Management discloses substantial doubt about the ability to continue as a going concern due to large near‑term maturities on the SP1 and SP2 non‑recourse facilities, a working capital deficit of $175.0 million, and lack of committed refinancing. Spruce is pursuing refinancings and has engaged a financial advisor, but states it cannot assure success, and failure could lead to foreclosure on collateral and cross‑defaults under the Second KeyBank Credit Agreement.

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.

An affiliate of the holder of common stock of symbol SPRU, through Fidelity Brokerage Services, LLC, indicates an intention to sell 73,155 common shares on or after 08/13/2026 on the NYSE, with an aggregate market value of $159,205.18 based on the referenced price and against total shares outstanding of 18,369,300. The common shares to be sold relate to multiple prior restricted stock vesting compensation awards from the issuer between 09/09/2023 and 05/11/2026, with individual vesting amounts ranging from 67 to 18,522 shares.

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.

Williams Jacqueline T. reported acquisition or exercise transactions in this Form 4 filing.

Spruce Power Holding Corp director Jacqueline T. Williams received an equity compensation grant of 2,650 restricted stock units on August 4, 2026 for board service. These units vest on the first anniversary of the award date. Following this grant and prior dividend-related accruals and reinvestments, she directly holds 19,179 common shares and restricted stock units in total.

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.