Examples of Spark HoldCo in a sentence
Spark HoldCo is the direct and indirect owner of the subsidiaries through which we operate.
The Company is the sole managing member of Spark HoldCo, is responsible for all operational, management and administrative decisions relating to Spark HoldCo’s business and consolidates the financial results of Spark HoldCo and its subsidiaries.
Non-controlling Interest We hold an economic interest and are the sole managing member in Spark HoldCo, with affiliates of our Founder and majority shareholder holding the remaining economic interests in Spark HoldCo. As a result, we consolidate the financial position and results of operations of Spark HoldCo, and reflect the economic interests owned by these affiliates as a non-controlling interest.
As a result, during the year ended December 31, 2019, Spark HoldCo made corresponding distributions of $15.1 million to our non-controlling interest holders.
The Company and affiliates owned the following economic interests in Spark HoldCo at December 31, 2019 and December 31, 2018, respectively.
In order to pay our stated dividends to holders of our Class A common stock, our subsidiary, Spark HoldCo is required to make corresponding distributions to holders of its units, including those holders that own our Class B common stock (our non-controlling interest holder).
Electricity Maine, LLC, Provider Power, LLC, Spark HoldCo, LLC, Kevin Dean, and Emile Clavet, Case Number: 1:16-cv-571-LEW, pending in the United States District Court, District of Maine.
Exhibit Number Description of ExhibitExhibit 21 Amendment No. 2 to the Third Amended and Restated Limited Liability Company Agreement of Spark Holdco, LLC, dated as of March 30, 2020, by and between Spark Energy, Inc., Spark HoldCo, LLC, NuDevco Retail, LLC and Retailco, LLC.
Representatives of ten major outlets (supermarkets, hotels and restaurants) were interviewed.
During the past sixty days, none of the Reporting Persons has effected any transaction involving the Class A Common Stock, except for the following transactions: • On July 1, 2021, Retailco exchanged 800,000 of its Spark HoldCo Units (together with 800,000 shares of Class B Common Stock) for 800,000 shares of Class A Common Stock pursuant to an exchange right set forth in the Spark HoldCo LLC Agreement.