Sunlight Financial ($SUNL) Is Paying a $3.5M Settlement to Investors — Here’s How to Get Your Share

Court: S.D. New York

Case: 1:22-cv-10658

Sunlight Financial ($SUNL, $SUNLQ) agreed to pay $3.5M to settle claims concerning ineffective accounting controls and inadequate risk assessment.

This settlement presents a great opportunity for investors to recover some of their losses. Here’s what you need to know to claim your payout.

Who is eligible?

All persons and entities who: purchased the publicly traded common stock of Sunlight Financial Holdings, Inc. between January 25, 2021, and September 28, 2022, inclusive; and/or beneficially owned and/or held the common stock of Spartan Acquisition Corp. II as of June 1, 2021, and were eligible to vote at Spartan’s July 8, 202,1 special meeting.

Do you have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate. You can participate in the settlement and retain (or sell) your securities.

How long will it take to receive your payout?

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

How to claim your payout — and why it's important to act now?

The settlement will be distributed based on the number of claims filed, so submitting your claim early may increase your share of the payout.

In some cases, investors have received up to 200% of their losses from settlements in previous years.

More than 100 companies are currently paying out settlements. Connect your portfolio to automatically see which ones you might have missed — or file manually for this case. Don’t miss your chance to get yours back.