Steel Connect Sub LLC, a subsidiary of Steel Connect LLC, reported additional purchases of Spruce Power Holding Corp common stock in a Form 4 filing with the Securities and Exchange Commission.
The filing details two separate transactions. On April 7, 2026, Steel Connect Sub acquired 5,000 shares at a price of $4.00 per share for a total of $20,000. Two days later, on April 9, 2026, the company purchased another 14,532 shares at $3.9843 per share, representing $57,899. Combined, the April purchases amount to $77,899.
Following these additions, the filing records that Steel Connect Sub LLC directly holds 3,381,099 shares of Spruce Power Holding Corp.
The Form 4 was jointly reported by several related entities: Steel Partners Holdings L.P., Steel Partners Holdings GP Inc., SPH Group LLC, SPH Group Holdings LLC, Steel Excel Inc., and Steel Connect LLC. Those entities may be considered a 13(d) group with a collective holding of more than 10% of Spruce Power’s common stock. The filing also includes a disclaimer that beneficial ownership is disclaimed except to the extent of pecuniary interest.
The stock’s recent performance is mixed. Spruce Power has produced a 90% return over the past year, yet it has declined 21% year-to-date. The company has a reported market capitalization of $72.68 million.
Separately, Spruce Power reported fourth-quarter revenue of $24.0 million, an increase of 19% compared with the prior year. The company attributed the revenue growth to expansion in its portfolio and servicing capabilities. Despite higher revenue, Spruce Power recorded an adjusted loss per share of $0.38 for the quarter ended December 31, 2025.
In governance matters, Spruce Power announced an extension to the deadline for shareholder proposals and director nominations related to its 2026 annual meeting. The new deadline for timely submission is April 30, 2026, as indicated in a filing with the Securities and Exchange Commission. Proposals or nominations must be submitted by that date to be considered timely.
For investors or analysts seeking deeper, paid research, the filing notes that InvestingPro provides a Pro Research Report and supplementary ProTips for subscribers following SPRU. The Form 4 and associated company filings are the primary public disclosures for the recent insider activity and corporate updates.
These filings and financial disclosures together capture both an increase in insider purchasing activity by a related group and the company’s ongoing revenue growth alongside an adjusted EPS loss, as well as a procedural extension affecting shareholder engagement ahead of the 2026 annual meeting.