ATLANTA, GA – – (ACCESSWIRE – December 19, 2022) – – Holzer & Holzer, LLC informs investors that a class action lawsuit has been filed against Sunlight Financial Holdings Inc. (“Sunlight Financial” or the “Company”) f/k/a Spartan Acquisition Corp. II (NYSE: SUNL).  The lawsuit alleges Sunlight Financial made materially false and misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and prospects, including: (1) that the Company lacked effective underwriting and risk evaluation with respect to its contractor advance program; (2) that Sunlight Financial lacked the oversight and periodic monitoring systems necessary to timely detect bad debt associated with its contractor advance program; (3) that the Company lacked effective internal controls over accounting and reporting of non-cash advance receivables; (4) that, as a result, the Company would be forced to take a non-cash advance receivables impairment charge exceeding $30 million.

If you bought shares of Sunlight Financial between January 25, 2021 and September 28, 2022, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Marshall Dees, Esq. at mdees@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at https://holzerlaw.com/case/sunlight-financial/  to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is February 14, 2023.