M&A: SPAR Group, Inc.

Form Type: 8-K

Filing Date: 2025-01-08

Corporate Action: Merger

Type: Update

Accession Number: 000143774925000737

Comments: SPAR Group, Inc. has announced that it is undergoing an acquisition in a merger transaction with Highwire Capital LLC, which has been approved by the stockholders. The agreement was entered into on August 30, 2024, with the special meeting for approval held on October 25, 2024. Following the proposed acquisition, SPAR's shares will no longer be traded on Nasdaq and will be privately owned by Highwire. Additionally, due to the company's failure to hold its Annual Meeting of stockholders in 2024, SPAR received a notice from Nasdaq regarding noncompliance with listing rules. SPAR has been given 45 days to submit a compliance plan to regain adherence to the annual meeting requirements. They are currently working on this plan.

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