Spruce Point Capital Management | Spruce Point Capital Management is a New York based investment fund manager

Spruce Point Capital Management | Privacy Policy

By visiting or submitting data through this Website, any visitor to this site (“you” and “user”) are accepting and consenting to the provisions set forth in this Privacy Policy. If you do not agree to this Privacy Policy, you are instructed not to use this Website. We reserve the right to change this privacy policy at any time by posting an updated version of the policy on the Website. You should visit this page periodically to review the privacy policy for changes.

This Privacy Policy covers only data collected through the Website (“Data”). This Privacy Policy does not apply to information Spruce Point Capital Management, LLC (“Spruce Point”) collects offline, through email, or through other sites, including sites that we link to. This Privacy Policy also may not apply to the practices of all other Spruce Point subsidiaries or other affiliates.

During your use of this Website, Spruce Point may passively collect technical and usage Data from you, the User, pertaining to your computer and/or internet connection. Such Data may include the number and frequency of your visits to this Website, information regarding websites accessed immediately before and after your visit to this Website, your Internet browser type and IP address. This technical and usage Data may be collected using “cookies”, which ware small text files that are stored on your computer that retain your information and preferences relative to your activities on a website, or other similar means. You can change your privacy preferences regarding the use of cookies and other technologies through your browser, including blocking all cookies; however blocking all cookies may affect your use of our Website and other websites and services online, and may prevent you from using all the features and elements of our Website and other websites and services.

Spruce Point may also collect and store Data voluntarily provided by you, the user, while visiting this Website. User-provided Data may include client login data, contact information, information related to the business you represent, information related to the financial information services you have requested. In each such instance, you will know what Data we collect through the Website, because you actively submit it to us.

Unless you also actively submit personal information, such as your name or address, passively tracked Data does not typically allow us to identify you personally.

Spruce Point will not disclose your personal and/or proprietary Data to anyone except as follows: We freely share your Data with our affiliates. We also share your Data with agents and service providers who use the Data, under confidentiality agreements, only for our purposes and under our instructions, e.g., third parties who provide us on-site web analytics services (for example, website tracking, content delivery, etc.). We may share your Data as required by law or in the interest of protecting or exercising our or others’ legal rights, e.g., without limitation, in connection with requests from law enforcement officials and in connection with court proceedings. We may share or transfer your Data in connection with a prospective or actual sale, merger, transfer or other reorganization of all or parts of our business. Also, we reserve the right to fully use and disclose any Data collected via the Website that is not in personally identifiable form.

If personal Data you have submitted through the Website is no longer accurate, current, or complete, and you wish to update it, please contact Spruce Point via the form available at www.sprucepoint.com/contact. Upon appropriate request we generally will update or amend your information, but we reserve the right to use Data previously obtained to verify your identity or take other actions that we believe are appropriate.

Transmissions over the Internet are never 100% secure or error-free. However, with respect to our internal security procedures, Spruce Point takes reasonable steps to maintain physical, electronic, and procedural safeguards in order to protect your personal Data from loss, misuse, and unauthorized access, disclosure, alteration, and destruction. Spruce Point also requires third party companies that we hire and to whom we disclose Data to keep such information confidential and to use it only to perform the services for which we hire them and only under our instructions. It is your responsibility to safeguard any password and User ID you use to access the Website and to notify us if you ever suspect that this password or User ID has been compromised. You are solely responsible for any unauthorized use of the Website conducted via your password and User ID.

If you have any questions about this Privacy Policy, please contact us via the form available at www.sprucepoint.com/contact.

Spruce Point Capital Management | Legal Disclaimer

By downloading from, or viewing material on, this website you agree to the following Terms of Service. Use of Spruce Point Capital Management LLC’s research is at your own risk. In no event should Spruce Point Capital Management LLC or any affiliated party be liable for any direct or indirect trading losses caused by any information on this site. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein.
You should assume that as of the publication date of any short-biased report or letter, Spruce Point Capital Management LLC (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a short position in all stocks (and/or options of the stock) covered herein, and therefore stands to realize significant gains in the event that the price of any stock covered herein declines. Likewise, you should assume that as of the publication date of any long-biased report or letter, Spruce Point Capital Management LLC (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our clients and/or investors has a long position in all stocks (and/or options of the stock) covered herein, and therefore stands to realize significant gains in the event that the price of any stock covered herein rises. Following publication of any long or short report or letter, we intend to continue transacting in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions.
This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. . Such an offer or solicitation can only be made by the confidential private placement memoranda relating to the investment vehicles managed by Spruce Point Capital Management, LLC (the “firm”), which the firm will provide only to qualified offerees. Spruce Point Capital Management LLC is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction.
To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stock covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. However, such information is presented “as is,” without warranty of any kind – whether express or implied. Spruce Point Capital Management LLC makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. All expressions of opinion are subject to change without notice, and Spruce Point Capital Management LLC does not undertake to update or supplement this report or any of the information contained herein.
If you are in the United Kingdom, you confirm that you are subscribing and/or accessing Spruce Point Capital Management LLC research and materials on behalf of:
(A) a high net worth entity (e.g., a company with net assets of GBP 5 million or a high value trust) falling within Article 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “FPO”); or
(B) an investment professional (e.g., a financial institution, government or local authority, or international organization) falling within Article 19 of the FPO.

You agree that the information on this website is copyrighted, and you therefore agree not to distribute this information (whether the downloaded file, copies / images / reproductions, or the link to these files) in any manner other than by providing the following link — http://www.sprucepointcap.com

If you have obtained Spruce Point Capital Management LLC research in any manner other than by download from the aforementioned link, you may not read such research without going to the aforementioned link and agreeing to the Terms of Service. You further agree that any dispute arising from your use of this report and / or the Spruce Point Capital Management LLC website or viewing the material hereon shall be governed by the laws of New York, without regard to any conflict of law provisions. You knowingly and independently agree to submit to the personal and exclusive jurisdiction of the superior courts located within the State of New York and waive your right to any other jurisdiction or applicable law, given that Spruce Point Capital Management LLC has an office in New York. The failure of Spruce Point Capital Management LLC to exercise or enforce any right or provision of these Terms of Service shall not constitute a waiver of this right or provision. If any provision of these Terms of Service is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties’ intentions as reflected in the provision and rule that the other provisions of these Terms of Service remain in full force and effect, in particular as to this governing law and jurisdiction provision. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of this website or the material herein must be filed within one (1) year after such claim or cause of action arose or be forever barred.

Spruce Point Capital Management LLC and the terms, logos and marks included on this Site that identify Spruce Point services and products are proprietary materials. Copyright in the pages and in the screens of this website, and in the information and material therein, is proprietary material owned by Spruce Point Capital Management LLC unless otherwise indicated. Unless otherwise noted, all information provided on this site is provided by Spruce Point Capital Management, LLC and is subject to copyright and trademark laws. Logos and marks contained in links to third party sites belong to their respective owners. All users may not reproduce, modify, copy, alter in any way, distribute, sell, resell, transmit, transfer, license, assign or publish such information.