SPRUCE POWER HOLDING CORP current report, 10 November 2022

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Spruce Power Holding Corporation Form 8-K Summary

Business Context and Reporting Period

Spruce Power Holding Corporation filed a Current Report on Form 8-K dated November 10, 2022. The filing reports corporate name and related governance changes; it does not present operating or financial results for a reporting period.

  • Former name: XL Fleet Corp.
  • New legal name: Spruce Power Holding Corporation.
  • The name change became effective November 10, 2022 through an amendment to the company’s certificate of incorporation.
  • The company’s common stock was listed under the ticker “XL” on the New York Stock Exchange. The board approved changing the ticker to “SPRU,” expected to become effective November 14, 2022.

Financial and Operating Metrics

The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, guidance, or other financial metrics.

Material Changes Versus the Prior Comparable Period

  • The principal disclosed change is the corporate rebranding from XL Fleet Corp. to Spruce Power Holding Corporation.
  • The certificate of incorporation was not otherwise changed, and the name change does not affect stockholder rights.
  • The board adopted corresponding amendments to the company’s bylaws effective November 10, 2022. No other bylaw changes were reported.
  • No separate stockholder vote was required under applicable Delaware law because the board approved the name change.

Guidance, Outlook, Risks, and Unusual Items

The filing contains no financial guidance, management outlook, risk update, contingency disclosure, or unusual financial item. Existing stock certificates remain valid and do not need to be exchanged.

Key Facts for Investors to Verify

  • Verify the effective date and implementation of the ticker change from “XL” to “SPRU,” expected November 14, 2022.
  • Confirm that the legal name change and related certificate and bylaw amendments were effective November 10, 2022.
  • Review subsequent filings for the company’s financial performance, capital structure, liquidity, and updated business strategy, none of which are addressed in this 8-K.