Sunlight Financial Lawsuit Submission Form

Company: Sunlight Financial Holdings Inc. f/k/a Spartan Acquisition Corp. II

Ticker: (NYSE) SUNL

Deadline

Passed

Lead Plaintiff Deadline: February 14, 2023

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Allegations

(1) the Company lacked effective underwriting and risk evaluation with respect to its contractor advance program; (2) Sunlight lacked the oversight and periodic monitoring systems necessary to timely detect bad debt associated with its contractor advance program; (3) the Company lacked effective internal controls over accounting and reporting of non-cash advance receivables; (4) as a result, the Company would be forced to take a non-cash advance receivables impairment charge exceeding $30 million; and (5) as a result of the foregoing, defendant’s positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.