Spruce Power Files 8-K on Financial Obligations
Ticker: SPRU · Form: 8-K · Filed: Jul 1, 2024 · CIK: 1772720
Sentiment: neutral
Topics: financial-obligation, 8-K, corporate-actions
TL;DR
Spruce Power just filed an 8-K about new financial obligations. Keep an eye on this.
AI Summary
Spruce Power Holding Corp. filed an 8-K on July 1, 2024, reporting the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. The filing also includes financial statements and exhibits. Spruce Power Holding Corp. was formerly known as XL Fleet Corp. and Pivotal Investment Corp II.
Why It Matters
This filing indicates new financial commitments or arrangements for Spruce Power, which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — Filings related to financial obligations can introduce new risks or clarify existing ones for a company.
Key Players & Entities
- Spruce Power Holding Corp. (company) — Registrant
- July 1, 2024 (date) — Date of Report
- XL Fleet Corp. (company) — Former Company Name
- Pivotal Investment Corp II (company) — Former Company Name
- 2000 S Colorado Blvd, Suite 2-825, Denver, Colorado 80222 (address) — Principal Executive Offices
FAQ
What specific type of financial obligation is Spruce Power reporting?
The filing indicates the creation of a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement' but does not specify the exact nature of the obligation within the provided text.
When was this 8-K filing submitted?
The filing was submitted on July 1, 2024.
What were Spruce Power's previous names?
Spruce Power Holding Corporation was formerly known as XL Fleet Corp. and Pivotal Investment Corp II.
Where are Spruce Power's principal executive offices located?
The principal executive offices are located at 2000 S Colorado Blvd, Suite 2-825, Denver, Colorado 80222.
What is the SIC code for Spruce Power Holding Corp.?
The Standard Industrial Classification (SIC) code for Spruce Power Holding Corp. is 4911, which corresponds to Electric Services.
Filing Stats: 889 words · 4 min read · ~3 pages · Grade level 14.8 · Accepted 2024-07-01 08:17:59
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share SPRU New York Stock Exchange
- $130,000,000 — ovides an aggregate principle amount of $130,000,000 (the "SET Facility"). Proceeds obtain
- $125,000,000 — , for an aggregated principal amount of $125,000,000, from Deutsche Bank AG, as facility age
Filing Documents
- spru-20240701.htm (8-K) — 32KB
- ex101-spruxdebtfinancing.htm (EX-10.1) — 1037KB
- ex991-spruxpr_debtfinancing.htm (EX-99.1) — 14KB
- image_0a.jpg (GRAPHIC) — 9KB
- toc1a.jpg (GRAPHIC) — 147KB
- toc2a.jpg (GRAPHIC) — 164KB
- toc3a.jpg (GRAPHIC) — 50KB
- 0001628280-24-030550.txt ( ) — 1900KB
- spru-20240701.xsd (EX-101.SCH) — 2KB
- spru-20240701_lab.xml (EX-101.LAB) — 21KB
- spru-20240701_pre.xml (EX-101.PRE) — 12KB
- spru-20240701_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Credit Agreement, dated as of June 26, 2024, among Spruce SET Borrower 2024, LLC, as Borrower, Barings GPSF LLC, as Facility Agent for the financial institutions that may from time to time become parties hereto as Lenders, Computershare Trust Company, National Association, as Collateral Agent and as Paying Agent and Lenders from time to time party hereto 99.1 Press Release of Spruce Power Holding Corporation, issued Ju ly 1 , 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. SPRUCE POWER HOLDING CORPORATION Date: July 1, 2024 By: /s/ Jonathan M. Norling Name: Jonathan M. Norling Title: Chief Legal Officer