ADDED
As of March 19, 2026, 18,168,863 shares of the Registrant s common stock, $0.0001 par value, were outstanding.
There can be no assurance that actual future results, performance or achievements of, or trends affecting, us will not differ materially from any future results, performance, achievements or trends expressed or implied by such forward-looking statements.
We are subject to risks relating to our outstanding debt, including risks relating to rising interest rate, the risk that we may not have sufficient cash flow to pay our debt and the risk that we may not be able to continue as a going concern if we are unable to repay or refinancing our debt prior to the applicable maturity dates We may be adversely affected by the impact of natural disasters and other events beyond our control, such as hurricanes, wildfires, or pandemics.
On September 9, 2022, we acquired 100% of the membership interests of Spruce Holding Company 1 LLC, Spruce Holding Company 2 LLC, Spruce Holding Company 3 LLC and Spruce Manager LLC (collectively and together with their subsidiaries, Legacy Spruce Power ), which was one of the largest privately held owner and operator of home solar energy systems in the U.S.
During 2025, the Company acquired 200 additional systems pursuant to the NJR Acquisition.
In the aggregate, as of December 31, 2025, we offered subscription-based services and owned the cash flows from approximately 84,000 home solar assets and customer contracts.
Our home solar asset portfolios have a total weighted average remaining contract term of approximately 10 years as of December 31, 2025.
As of December 31, 2025, we had 159 full time employees primarily located in Texas, New Jersey, and California.
For example, we are subject to the requirements of the federal Occupational Safety and Health Act, as amended ( OSHA ), and state laws that protect and regulate employee health and safety.
We endeavor to maintain compliance with applicable state and federal government regulations.
REMOVED
As of March 24, 2025, 18,078,238 shares of the Registrant s common stock, $0.0001 par value, were outstanding.
Although we believe that our expectations with respect to forward-looking statements are based upon reasonable assumptions within the bounds of our existing knowledge of our business and operation, there can be no assurance that actual future results, performance or achievements of, or trends affecting, us will not differ materially from any future results, performance, achievements or trends expressed or implied by such forward-looking statements.
We are subject to risks relating to our outstanding debt, including risks relating to rising interest rates and the risk that we may not have sufficient cash flow to pay our debt.
We may be adversely affected by the impact of natural disasters and other events beyond our control, such as hurricanes, wildfires, or pandemics.
On September 9, 2022, we acquired 100% of the membership interests of Legacy Spruce Power, which was one of the largest privately held owner and operator of home solar energy systems in the U.S.
On October 6, 2023, we filed an Amendment to our Second Amended and Restated Certificate of Incorporation (the Amended Certificate of Incorporation ) to effect a 1-for-8 reverse stock split of our issued and outstanding shares of common stock, par value $0.0001 per share (the Reverse Stock Split ).
In the aggregate, as of December 31, 2024, we offered subscription-based services and owned the cash flows from approximately 85,000 home solar assets and customer contracts.
Our home solar asset portfolios have a total weighted average remaining contract term of approximately 11 years as of December 31, 2024.
As of December 31, 2024, we had 165 full time employees primarily located in Colorado, Texas, and New Jersey.
For example, we are subject to the requirements of the federal Occupational Safety and Health Act, as amended ( OSHA ), the U.S.