We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Spruce Power Holding Corporation | NYSE:SPRU | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.189 | -4.52% | 3.991 | 4.20 | 3.9071 | 4.17 | 7,284 | 17:43:16 |
From May 2023 to May 2024
By Ben Glickman
Spruce Power Holding Corp. will pay $11 million to settle charges by the Securities and Exchange Commission that it misled investors prior to going public.
The SEC said Thursday it had charged Spruce Power, previously known as XL Fleet Corp., for claiming to have a long-term revenue projection of up to $1.4 billion, as well as a $220 million 12-month sales pipeline.
The SEC alleged the projections, which were included in public filings ahead of its 2020 merger with a special-purpose acquisition company to go public, were based mostly on speculative opportunities.
Spruce Power doesn't admit or deny the findings, but consented to a cease-and-desist order and the civil penalty.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
September 28, 2023 19:44 ET (23:44 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Spruce Power Chart |
1 Month Spruce Power Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
