SPRUCE POWER HOLDING CORP Fair Value Disclosure
| Assumptions for Assets and Liabilities Measured at Fair Value on a Recurring Basis | |||||||||||
| Input | December 31, 2024 | ||||||||||
| Risk-free rate | 4.16 | % | |||||||||
| Remaining term in years | 0.98 | ||||||||||
| Expected volatility | 53.7 | % | |||||||||
| Exercise price | $ | 92.00 | |||||||||
| Fair value of common stock | $ | 2.97 | |||||||||
| Fair Value Measurements as of December 31, 2025 | ||||||||||||||||||||||||||
| (Amounts in thousands) | Level I | Level II | Level III | Total | ||||||||||||||||||||||
| Asset: | ||||||||||||||||||||||||||
| Interest rate swaps | $ | — | $ | 13,781 | $ | — | $ | 13,781 | ||||||||||||||||||
| Money market accounts | 56,037 | — | — | 56,037 | ||||||||||||||||||||||
| Total | $ | 56,037 | $ | 13,781 | $ | — | $ | 69,818 | ||||||||||||||||||
| Liabilities: | ||||||||||||||||||||||||||
| Interest rate swaps | $ | — | $ | 2,178 | $ | — | $ | 2,178 | ||||||||||||||||||
| Total | $ | — | $ | 2,178 | $ | — | $ | 2,178 | ||||||||||||||||||
| Fair Value Measurements as of December 31, 2024 | ||||||||||||||||||||||||||
| (Amounts in thousands) | Level I | Level II | Level III | Total | ||||||||||||||||||||||
| Asset: | ||||||||||||||||||||||||||
| Interest rate swaps | $ | — | $ | 24,672 | $ | — | $ | 24,672 | ||||||||||||||||||
| Money market accounts | 72,142 | — | — | 72,142 | ||||||||||||||||||||||
| Total | $ | 72,142 | $ | 24,672 | $ | — | $ | 96,814 | ||||||||||||||||||
| Liabilities: | ||||||||||||||||||||||||||
| Interest rate swaps | — | 385 | — | 385 | ||||||||||||||||||||||
| Total | $ | — | $ | 385 | $ | — | $ | 385 | ||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 2026 | Showing above |
| 2024 | Mar 31, 2025 | |
| 2023 | Apr 9, 2024 | |
| 2022 | Mar 30, 2023 | |
| 2021 | Mar 1, 2022 | |
| 2020 | Mar 31, 2021 | |
| 2019 | Mar 30, 2020 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.