Every dollar amount and date on this page is quoted from the official settlement document.
Spartan DeSpac $8 Million Securities Class Action Settlement
Court case: Timothy McCants, Laurențiu Ovidiu Cernahoschi, and Thomas Joseph v. Geoffrey Strong, et al.
Spartan Acquisition Corp. II stockholders as of July 6, 2021 share an $8 million securities settlement, allocated by eligible shares held.
Official eligibility wordingPublic 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. Checked against the official settlement source by SettleSignal on June 19, 2026.
Key facts
- Who may qualify You may qualify if you held Spartan Acquisition Corp. II class A common stock, of record or beneficially, as of 5:00 PM EDT on July 6, 2021.
- Estimated payoutNet Settlement Fund based on number of eligible shares held divided by total eligible shares.
- Objection deadlineApril 17, 2026 (passed)
- Proof requiredNo
- What you needNothing to file — payment is sent automatically to people the administrator identifies. No proof is required.
- CourtCourt of Chancery of the State of Delaware
How hard is this claim to file?
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.
Verify it yourself
How we verified this record
- Payout details
- Eligibility
- Proof requirement
- Administrator
- Court case
- Payment status
- 2 fields queued for re-check
1 official source linked to this record.
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Eligibility summary Quoted in the official eligibility wording above ↑
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Proof requirement
No
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.
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Payment status
Final approval pending
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.
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Estimated payout
Net Settlement Fund based on number of eligible shares held divided by total eligible shares.
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Administrator
Epiq
Spartan Stockholder Settlement, c/o Epiq Systems, Inc., PO Box 2258, Portland, OR 97208-2258.
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Court
Court of Chancery of the State of Delaware
Show all 6 more verified fields
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Objection deadline
April 17, 2026
OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN APRIL 17, 2026.
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Automatic refund
Yes — automatic, no claim needed
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Class period end
July 6, 2021
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Court case number
2023-0694-PAF
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No-claim explanation
Non-opt-out class settlement; payments distributed automatically to eligible shareholders via DTC Participants based on share ownership records.
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Case name
Timothy McCants, Laurențiu Ovidiu Cernahoschi, and Thomas Joseph v. Geoffrey Strong, et al.
Where to act
No claim form is needed — Epiq issues this refund automatically; confirm your eligibility and contact details on the official source.
No claim needed — payment is automatic
If you qualify, the settlement pays you automatically. There's nothing to file — just keep an eye on your mail or account around the payment date.
