Spruce Power Files 8-K on Disposal Activities

TL;DR

Spruce Power filed an 8-K detailing exit/disposal costs and financial statements.

AI Summary

Spruce Power Holding Corp. filed an 8-K on September 24, 2025, reporting on cost associated with exit or disposal activities, Regulation FD disclosure, and financial statements/exhibits. The filing does not contain specific dollar amounts or details regarding the nature of these activities.

Why It Matters

This filing indicates potential restructuring or divestment activities within Spruce Power Holding Corp., which could impact its future business operations and financial performance.

Risk Assessment

Risk Level: medium — The filing mentions 'Cost Associated with Exit or Disposal Activities,' which can signal significant operational changes or financial challenges.

Key Players & Entities

• Spruce Power Holding Corp. (company) — Registrant
• 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 (location) — Principal Executive Offices Address

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share SPRU New York Stock Exchange
• $20 m — nnualized cost savings of approximately $20 million, when fully implemented. The re
• $1 m — it will incur charges of approximately $1 million, consisting primarily of cash exp

Filing Documents

• spru-20250924.htm (8-K) — 30KB
• pressrelease_sprucepower.htm (EX-99.1) — 9KB
• pressrelease_sprucepower001.jpg (GRAPHIC) — 202KB
• pressrelease_sprucepower002.jpg (GRAPHIC) — 277KB
• pressrelease_sprucepower003.jpg (GRAPHIC) — 103KB
• 0001628280-25-042593.txt ( ) — 959KB
• spru-20250924.xsd (EX-101.SCH) — 2KB
• spru-20250924_lab.xml (EX-101.LAB) — 21KB
• spru-20250924_pre.xml (EX-101.PRE) — 12KB
• spru-20250924_htm.xml (XML) — 3KB

05. Costs Associated with Exit or Disposal Activities

Item 2.05. Costs Associated with Exit or Disposal Activities. On September 16, 2025, the Board of Directors approved a plan to implement a reduction in force as part of the Company's broader efforts to streamline operations. The Company expects that these efforts, including the reduction in force, will result in annualized cost savings of approximately $20 million, when fully implemented. The reduction in force is expected to affect approximately 40 employees and contractors, representing approximately 19% of the Company's workforce, who were informed of the reduction in force on September 24, 2025. In connection with the reduction in force, the Company estimates that it will incur charges of approximately $1 million, consisting primarily of cash expenditures for employee severance and related costs. The Company expects to recognize the majority of these charges in the third quarter of 2025. The Company may also incur other charges or cash expenditures not currently contemplated due to events that may occur as a result of, or associated with, the reduction in force. Cautionary Note Regarding Forward-Looking Statements This Current Report on Form 8-K contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements related to the expected costs and timing of costs associated with the reduction in force and expected cost savings. These forward-looking statements are based on the Company's current expectations and inherently involve significant risks and uncertainties. The Company's actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to the Company's efforts to streamline operations, in addition to the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and i

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On September 24, 2025, the Company issued a press release announcing the reduction in force and efforts to streamline operations. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information in Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1 attached hereto) is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference into any filing by the Company, under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release of Spruce Power Holding Corporation, issued September 24, 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: September 24, 2025 By: /s/ Jonathan M. Norling Name: Jonathan M. Norling Title: Chief Legal Officer

View Full Filing

View this 8-K filing on SEC EDGAR