SPAR Group to be acquired by Highwire Capital for $2.50 per share in cash

SPAR Group, Inc.

Merger consideration of $2.50 per share in cash; expected closing in Q4 2024.
20% shareholder William Bartels entered a voting agreement to support the merger.
Parent secured up to $115M in debt financing from Capital Platform for the deal.
Special committee of independent directors unanimously recommended the merger.
Shares to be delisted from Nasdaq and deregistered after closing.

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