2 unchanged sentences
Our common stock is currently listed on the NYSE under the symbol “SPRU.”
−Removed: As of April 3, 2024, there were approximately 51 holders of record of our Common Stock.
+Added: As of March 24, 2025, there were approximately 49 holders of record of our common stock.
This figure does not include shareholders whose certificates are held in the name of their broker-dealers or other nominees.
10 unchanged sentences
In May 2023, our Board of Directors approved a share repurchase program for the repurchase of up to $50.0 million of our outstanding common stock through May 15, 2025 (the “Repurchase Program”).
+Added: The Repurchase Program authorizes the Company to effect repurchases through open market transactions, privately negotiated transactions, Rule 10b5-1 trading plans and/or Rule 10b-18 trading plans, and other means.
We are not obligated to repurchase any specific number of shares or dollar amount and may discontinue the Repurchase Program at any time.
+Added: The timing, number, and purchase price of share repurchases, if any, will be determined by the Company’s management in its discretion and will depend on a number of factors, including the market price of the shares, general market and economic conditions, and other alternatives available to the Company.
The following table provides information with respect to shares of our common stock we repurchased under the Repurchase Program during the three months ended December 31, 2024:
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Part of Publicly
−Removed: Announced Plan or
+Added: Announced Plans or
Approximate Dollar Value
of Shares that May Yet Be Purchased
−Removed: Under the Plan or Program (in '000s)
+Added: Under the Plans or Programs (in '000s)
October 1 - October 31, 2024 — $ — — $ 44,694
2 unchanged sentences
291,558 291,558
+Added: (1) The Repurchase Program was approved by our Board of Directors in May 2023 and authorizes the repurchase of up to $50.0 million of our outstanding common stock through May 15, 2025.
The IRA introduced a 1% excise tax on all stock repurchases effective January 2023.
−Removed: In relation to the Repurchase Program, this excise tax had no material impact on our financial position, results of operations or cash flows as of and for the year ended December 31, 2023.
−Removed: Tab l e of Contents
+Added: In relation to the Repurchase Program, this excise tax had no material impact on our financial position, results of operations or cash flows as of and for the years ended December 31, 2024 and 2023.
Future share repurchases under our Repurchase Program are subject to the business judgment of our Board of Directors or Management, taking into consideration our historical and projected results of operations, financial condition, cash flows, capital requirements, covenant compliance, current economic environment and other factors considered relevant.
1 unchanged sentence
Refer to Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” within this Annual Report on Form 10-K for additional information on our share repurchases.
−Removed: Tab l e of Contents
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.