SPAR Group faces two stockholder lawsuits over merger proxy; supplements disclosure

SPAR Group, Inc.

Two lawsuits filed Oct 9, 2024 in NY Supreme Court (Harrison and Fitzpatrick) allege proxy omitted material information.
Company voluntarily supplements proxy to add financial table columns (Total Enterprise Value, etc.) and Lincoln fee details.
Lincoln received $300K for fairness opinion; also entitled to ~$2M success fee upon merger closing with Highwire Capital.
Board reiterates recommendation to vote FOR merger; special meeting remains scheduled for Oct 25, 2024.

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