Business Context and Reporting Period
Spruce Power Holding Corporation filed a Form 8-K under Item 7.01 on November 17, 2023, with the report signed on November 24, 2023. The filing concerns the company’s compliance with New York Stock Exchange continued-listing standards; it does not provide quarterly or annual financial results.
Key Financial Metrics
The filing does not provide clear values for revenue, profit, cash flow, margins, debt, liquidity, or other operating metrics.
Material Change Versus Prior Period
On November 17, 2023, the NYSE confirmed that Spruce Power had regained compliance with Section 802.01C of the NYSE Listed Company Manual.
The prior noncompliance notice, disclosed on March 28, 2023, resulted from the company’s average closing stock price being below $1.00 over a consecutive 30-trading-day period.
Guidance, Outlook, Risks, and Unusual Items
- The filing contains no financial guidance or operating outlook.
- Regaining compliance removes the specific NYSE deficiency described in the filing, but the company remains subject to ongoing NYSE listing requirements.
- The Item 7.01 information was furnished rather than filed under Section 18 of the Exchange Act and is not incorporated by reference into other filings solely by general incorporation language.
Important Facts to Verify
- Confirm the effective date and terms of the NYSE’s compliance determination.
- Monitor the company’s stock price and future NYSE compliance status.
- Review subsequent SEC filings for financial results, liquidity, debt obligations, and any additional listing-related notices.