SPAR Group receives Nasdaq deficiency notice for missing 2024 annual meeting due to pending going-private merger

SPAR Group, Inc.

Received Nasdaq Noncompliance Letter on Jan 3, 2025 for failing to hold annual meeting in 2024 as required by Listing Rule 5620.
Must submit compliance plan within 45 days (by Feb 18, 2025); if accepted, Nasdaq may grant exception until June 30, 2025.
Missed meeting due to pending all-cash acquisition by Highwire Capital; stockholders approved on Oct 25, 2024, parties working to close.
SPAR expects to go private after merger closing, after which shares would no longer trade on Nasdaq.

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