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Spartan DeSpac $8 Million Securities Class Action Settlement

Public stockholders who held Spartan Acquisition Corp. II Class A common stock as of 5:00 PM EDT on July 6, 2021, either of record or beneficially, and who did not redeem all of their shares in connection with the merger with Sunlight Financial Holdings, LLC.

Potential payment

Net Settlement Fund based on number of eligible shares held divided by total eligible shares.

Automatic refund — no claim form needed Log in to save

Official site: www.spartandespacstockholdersettlement.com

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Pending final court approval: you can file a claim now, but payments begin only after the court grants final approval (and any appeals conclude). Final approval is not guaranteed.

Who may qualify

Public stockholders who held Spartan Acquisition Corp. II Class A common stock as of 5:00 PM EDT on July 6, 2021, either of record or beneficially, and who did not redeem all of their shares in connection with the merger with Sunlight Financial Holdings, LLC.

This summary is based on available official settlement sources. The settlement administrator determines eligibility and payment approval.

New to the terms? Plain-English: claim deadline, proof of purchase, administrator, pro rata.

Important dates

Objection deadline
April 17, 2026 (passed)

Proof requirements

Proof requirement is currently marked as No.

Review the official claim form before submitting any information.

How to file this claim

No claim form is required — eligible stockholders who held Spartan Class A common stock as of the Redemption Deadline and did not redeem all shares will receive a pro rata payment automatically based on share ownership records.

  1. Confirm you held Spartan Acquisition Corp. II Class A common stock as of the Redemption Deadline and did not redeem all of your shares in connection with the Merger.
  2. Take no action to receive your payment — the Settlement Administrator will distribute funds directly to eligible class members without requiring a claim form.
  3. If your shares were held in a brokerage account, expect the settlement payment to be deposited into that same account.
  4. Contact the Settlement Administrator at info@SpartanDeSPACStockholderSettlement.com or call the listed number if you have questions about your eligibility or payment.
  5. If you wish to object to the Settlement, submit a written objection by the deadline stated in the notice.

Watch out for

  • This is a non-opt-out class — you cannot exclude yourself from the settlement class.
  • Payment amount varies per person based on your number of eligible shares relative to all eligible shares; there is no fixed per-person amount.
  • Only shares held immediately after the Redemption Deadline that were NOT submitted for redemption qualify as Eligible Shares.
  • Defendants are excluded from the class; immediate family members and entities in which defendants have a controlling interest are also excluded.
  • Payment will only be issued after the court grants final approval and any appeals are resolved — timing is not guaranteed.

We prepare — you file on the official site yourself. This is not legal advice and is not an eligibility decision; the administrator and court decide.

How do I file a claim for this settlement?

No claim form is needed — Epiq Systems, Inc. (Spartan Stockholder Settlement) issues this refund automatically; confirm your eligibility and contact details on the official source.

  1. Check the official source to confirm you are within the eligible group — the settlement administrator determines eligibility.
  2. Make sure Epiq Systems, Inc. (Spartan Stockholder Settlement) has your current mailing address or payment details if the official source provides a way to update them.
  3. No claim form is required for an automatic refund; you do not need to pay anyone or submit documents to receive it.
  4. Watch the payment status on this record and on the official source — payments begin only after the court or program process concludes.

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How we verified this record

Verification in progress 6 / 8 fields checked
  • Payout details the official settlement website · Jun 19, 2026
  • Eligibility the official settlement website · Jun 19, 2026
  • Proof requirement the official settlement website · Jun 19, 2026
  • Administrator the official settlement website · Jun 19, 2026
  • Court case the official settlement website · Jun 19, 2026
  • Payment status the official settlement website · Jun 19, 2026
  • Claim deadline queued for re-check
  • Official claim link queued for re-check

Every published record clears our source-verification bar; remaining fields are checked one by one on our weekly re-verification pass.

Checked fields are matched against a named official source and re-checked on a schedule. We show the authority and the date, never our internal evidence link.

  • Eligibility summary

    Public stockholders who held Spartan Acquisition Corp. II Class A common stock as of 5:00 PM EDT on July 6, 2021, either of record or beneficially, and who did not redeem all of their shares in connection with the merger with Sunlight Financial Holdings, LLC.

    Verified Jun 19, 2026 · against the official settlement website

  • Proof requirement

    No

    Verified Jun 19, 2026 · against the official settlement website

    Eligible Class Members (defined in Paragraph 29 below) do not need to submit a claim form in order to receive a distribution from the Settlement, if approved by the Court.
  • Payment status

    Final approval pending

    Verified Jun 19, 2026 · against the official settlement website

    ATTEND A HEARING ON MAY 1, 2026, AT 11:00 A.M., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN APRIL 17, 2026.
  • Estimated payout

    Net Settlement Fund based on number of eligible shares held divided by total eligible shares.

    Verified Jun 19, 2026 · against the official settlement website

  • Administrator

    Epiq Systems, Inc. (Spartan Stockholder Settlement)

    Verified Jun 19, 2026 · against the official settlement website

    Spartan Stockholder Settlement, c/o Epiq Systems, Inc., PO Box 2258, Portland, OR 97208-2258.
  • Court

    Court of Chancery of the State of Delaware

    Verified Jun 19, 2026 · against the official settlement website

Show all 6 more verified fields
  • Objection deadline

    April 17, 2026

    Verified Jun 19, 2026 · against the official settlement website

    OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN APRIL 17, 2026.
  • Automatic refund

    Yes — automatic, no claim needed

    Verified Jun 19, 2026 · against the official settlement website

  • Class period end

    July 6, 2021

    Verified Jun 19, 2026 · against the official settlement website

  • Court case number

    2023-0694-PAF

    Verified Jun 19, 2026 · against the official settlement website

  • No-claim explanation

    Non-opt-out class settlement; payments distributed automatically to eligible shareholders via DTC Participants based on share ownership records.

    Verified Jun 19, 2026 · against the official settlement website

  • Case name

    Timothy McCants, Laurențiu Ovidiu Cernahoschi, and Thomas Joseph v. Geoffrey Strong, et al.

    Verified Jun 19, 2026 · against the official settlement website

Common questions

Is the Spartan DeSpac $8 Million Securities Class Action settlement legitimate?

Yes — the Spartan DeSpac $8 Million Securities Class Action settlement is a real claims process that SettleSignal tracks from its official source. It is administered by Epiq Systems, Inc. (Spartan Stockholder Settlement) under case 2023-0694-PAF in Court of Chancery of the State of Delaware. File only through the official settlement website (www.spartandespacstockholdersettlement.com); a genuine settlement administrator never charges a fee to file. SettleSignal last checked this record against the official source on June 19, 2026. Always confirm the current details on the official site before filing.

Who may qualify for this settlement?

Public stockholders who held Spartan Acquisition Corp. II Class A common stock as of 5:00 PM EDT on July 6, 2021, either of record or beneficially, and who did not redeem all of their shares in connection with the merger with Sunlight Financial Holdings, LLC.

Do I need proof to claim?

Proof requirement: No. The settlement administrator determines what documentation, if any, is required.

What is the current payment status?

Current payment status: Final approval pending. Payments are issued by the administrator after the court process concludes.

When will Spartan DeSpac $8 Million Securities Class Action Settlement pay out?

Current payment status: Final approval pending. Class-action payouts typically begin only after final approval and any appeals. See our payout timeline guide.

Where is the official Spartan DeSpac $8 Million Securities Class Action Settlement claim form?

No claim form is needed — Non-opt-out class settlement; payments distributed automatically to eligible shareholders via DTC Participants based on share ownership records. Never pay a fee to claim a settlement payment.

Where to act

When you are ready, you open the official claim form yourself. SettleSignal does not file claims or determine eligibility.

Automatic refund — no claim form needed

Non-opt-out class settlement; payments distributed automatically to eligible shareholders via DTC Participants based on share ownership records.

Listed on the official settlement website (Epiq Systems).

Disclaimer

This service summarizes publicly available settlement information and links to official settlement sources. We are not a law firm, do not provide legal advice, do not submit claims on your behalf, and do not determine eligibility or payout approval. Only file a claim if the information you provide is accurate.

Change log

  • June 19, 2026 — Settlement published after verification.
  • June 19, 2026 — Verified field details updated from an official source.