Spruce Power (SPRU) Appoints Clara Nagy McBane to its Board

Spruce Power Holding Corporation (NYSE: SPRU) announced today that it has appointed Clara Nagy McBane to serve as a new member of its Board of Directors (the “Board”) effective immediately. As a result, the Board has increased to seven members.

“We are pleased to welcome Clara to the Board as an independent director and believe her experience will be a valuable asset as we continue to execute on our strategic vision,” said Chris Hayes, Chief Executive Officer of the Company.

The new appointment is pursuant to a Cooperation Agreement, between the Company, Clayton Capital Appreciation Fund, L.P. and Clayton Partners LLC, which contains customary standstill, voting, confidentiality, and other provisions and will be filed in a Current Report on Form 8-K with the Securities and Exchange Commission.

“We would like to thank the Board for its collaborative engagement in reaching this outcome, which we believe is in the best interests of all stockholders,” said Jason Stankowski, managing member of Clayton Partners LLC.

You May Also Be Interested In

• Richard Lowenthal resigns from ARS Pharmaceuticals board
• Gogo reshuffles executive role in subsidiary reorganization
• Surya Oil & Gas faces lawsuit over alleged oral agreement