Steel Connect Sub LLC, a subsidiary of Steel Connect LLC, reported new purchases of Spruce Power Holding Corp common stock in a Form 4 filing with the Securities and Exchange Commission. The filings show two transactions executed on March 31 and April 2, 2026, that together added 12,637 shares to the subsidiary's position at a combined cost of $50,913.
According to the details disclosed, the first purchase on March 31 comprised 11,228 shares acquired at $4.0263 per share. The subsequent transaction on April 2 consisted of 1,409 shares bought at $4.05 per share. Aggregate consideration for both transactions totaled $50,913, with individual prices within the $4.0263 to $4.05 range.
After recording these purchases, the filing indicates Steel Connect Sub LLC directly owns 3,361,567 shares of Spruce Power Holding Corp common stock.
The Form 4 submission was filed jointly by a group of related entities: Steel Partners Holdings L.P., Steel Partners Holdings GP Inc., SPH Group LLC, SPH Group Holdings LLC, Steel Excel Inc., Steel Connect LLC, and Steel Connect Sub LLC. The filing states that these reporting parties may be deemed to constitute a 13(d) group that holds in excess of 10% of Spruce Power Holding Corp's common stock. The reporting parties also disclaimed beneficial ownership except to the extent of their pecuniary interest.
In separate corporate disclosures, Spruce Power Holding Corp released its fourth-quarter financial results for the period ending December 31, 2025. The company reported revenue of $24.0 million for the quarter, representing a 19% increase compared with the same quarter a year earlier. Management attributed the revenue rise to portfolio growth and servicing expansion, and the results were released amid a backdrop of declining costs.
Despite the top-line expansion, Spruce Power posted an adjusted loss per share of -$0.38 for the quarter. The company’s combination of stronger revenue and an adjusted EPS loss highlights a mixed financial picture, with improved sales metrics alongside continued challenges on adjusted profitability.
These disclosures together provide investors and market observers with updated information on both insider buying activity by a substantial shareholder group and the company’s most recent operating results. The Form 4 details and the quarterly financials are the basis for assessing current ownership levels and recent operating performance.