Spruce Power Changes Auditors
Ticker: SPRU · Form: 8-K · Filed: Feb 5, 2025 · CIK: 1772720
Sentiment: neutral
Topics: auditor-change, financial-reporting
Related Tickers: SPRU
TL;DR
Spruce Power swapped auditors from WithumSmith+Brown to BDO USA.
AI Summary
Spruce Power Holding Corp. announced on January 30, 2025, a change in its certifying accountant. The company's previous independent registered public accounting firm, WithumSmith+Brown, PC, was dismissed, and the Audit Committee of the Board of Directors has appointed BDO USA, P.A. as the new principal independent registered public accounting firm.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.
Risk Assessment
Risk Level: medium — Changes in auditors can sometimes precede or coincide with financial restatements or other disclosures that may impact the company's financial health.
Key Players & Entities
- Spruce Power Holding Corporation (company) — Registrant
- WithumSmith+Brown, PC (company) — Former certifying accountant
- BDO USA, P.A. (company) — New certifying accountant
- January 30, 2025 (date) — Date of earliest event reported
FAQ
When was the decision made to dismiss WithumSmith+Brown, PC?
The filing does not specify the exact date of dismissal, only that the change was reported as of January 30, 2025.
Were there any disagreements with WithumSmith+Brown, PC?
The filing states that there were no disagreements or reportable events between Spruce Power Holding Corporation and WithumSmith+Brown, PC.
When did BDO USA, P.A. become the principal independent registered public accounting firm?
The Audit Committee of the Board of Directors appointed BDO USA, P.A. as the principal independent registered public accounting firm, effective January 30, 2025.
Has Spruce Power Holding Corporation consulted with BDO USA, P.A. on any matters?
Yes, Spruce Power Holding Corporation has consulted with BDO USA, P.A. on the application of generally accepted accounting principles in relation to completed and proposed transactions.
What is the address of Spruce Power Holding Corporation's principal executive offices?
The address is 2000 S Colorado Blvd, Suite 2-825, Denver, Colorado 80222.
Filing Stats: 1,117 words · 4 min read · ~4 pages · Grade level 15.4 · Accepted 2025-02-05 17:15:07
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share SPRU New York Stock Exchange
Filing Documents
- spru-20250130.htm (8-K) — 34KB
- ex161-deloitteform8xkcessa.htm (EX-16.1) — 5KB
- ex162-spruletterofconcurre.htm (EX-16.2) — 3KB
- image_0a.jpg (GRAPHIC) — 6KB
- 0001628280-25-004119.txt ( ) — 174KB
- spru-20250130.xsd (EX-101.SCH) — 2KB
- spru-20250130_lab.xml (EX-101.LAB) — 21KB
- spru-20250130_pre.xml (EX-101.PRE) — 12KB
- spru-20250130_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 16.1 L etter from De loitte & Touche LLP to the Securities and Exchange Commission dated February 5, 2025 16.2 Letter from CohnReznick LL P to the Securities and Exchange Commission dated February 5, 2025 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 report to be signed on its behalf by the undersigned hereunto duly authorized. SPRUCE POWER HOLDING CORPORATION Date: February 5, 2025 By: /s/ Jonathan M. Norling Name: Jonathan M. Norling Title: Chief Legal Officer