REVEALED: $3.5 Million Class Action Settlement Rocks Sunlight Financial Holdings and Spartan Acquisition Corp. II Investors

A groundbreaking class action settlement has been proposed, set to benefit investors who purchased publicly-traded common stock of Sunlight Financial Holdings, Inc. or beneficially owned and/or held the common stock of Spartan Acquisition Corp. II. This news comes after the United States District Court for the Southern District of New York approved the proposed settlement.

The announcement, made by The Rosen Law Firm, P.A., outlines the terms of the proposed settlement, which includes a payment of $3,500,000. This significant sum is set to be distributed among eligible investors, providing them with long-awaited compensation.

To be eligible, individuals must have purchased Sunlight Financial Holdings, Inc. publicly-traded common stock between January 25, 2021, and September 28, 2022, or beneficially owned and/or held the common stock of Spartan Acquisition Corp. II as of June 1, 2021. Additionally, they must have been eligible to vote at Spartan's July 8, 2021 special meeting.

A hearing is scheduled to take place on December 10, 2024, at the United States District Court for the Southern District of New York. The purpose of this hearing is to determine whether the proposed settlement should be approved by the court as fair, reasonable, and adequate.

Furthermore, the court will review the proposed plan of allocation, which outlines how the settlement proceeds will be distributed among eligible investors. Lead Counsel will also apply for an award of attorneys' fees, which could be up to 29% of the settlement amount plus interest, as well as reimbursement of expenses.

Investors who believe they may be eligible for this class action settlement are advised to review the details carefully. With the proposed settlement amounting to $3,500,000, this could be a significant opportunity for those affected to receive compensation.

The Rosen Law Firm, P.A. invites affected investors to contact them for more information on the proposed settlement and the eligibility criteria. With this development, investors are advised to stay informed and keep a close eye on the upcoming hearing.

As this class action settlement continues to unfold, one thing is clear: investors are one step closer to receiving the compensation they deserve. The outcome of this case will undoubtedly have a significant impact on the financial landscape, and it will be interesting to see how events unfold.

Stay up-to-date with the latest developments in this case and find out how you can claim your share of the proposed settlement. With this proposed settlement, investors can finally see a light at the end of the tunnel, and it will be exciting to see the outcome of this significant class action lawsuit.