---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-007997"
form_type: "8-K"
ticker: "SGRP"
cik: "0001004989"
company_name: "SPAR Group, Inc."
filed_at: "2025-03-17T23:59:59+00:00"
generated_at: "2026-05-24T14:53:23.556079+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SPAR Group gets Nasdaq extension to June 12 for annual meeting; merger financing extended to April 15

## Summary
- Nasdaq accepted compliance plan; annual meeting must be held by June 12, 2025 to avoid delisting.
- Financing for Highwire Capital merger extended to April 15, 2025 under fourth extension of commitment letter.
- Merger may be terminated by either party if not closed by May 30, 2025.
- Company anticipates closing before April 15 but further extensions may be required.

## SEC filing metadata
- accession: 0001437749-25-007997
- form_type: 8-K
- ticker: SGRP
- cik: 0001004989
- company_name: SPAR Group, Inc.
- filed_at: 2025-03-17T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004989/000143774925007997/0001437749-25-007997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004989/000143774925007997/sgrp20250313_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-007997
- JSON: https://secwatch.observer/filing/0001437749-25-007997.json
- Plain text: https://secwatch.observer/filing/0001437749-25-007997.txt

## Key facts
- Listing & Compliance Notices
  SPAR Group, Inc. received a nasdaq noncompliance notice notice regarding other (rules 5620, 5620(a)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Rules: 5620, 5620(a)
  source text: January 3, 2025 (the " Nasdaq Noncompliance Letter "), stating that SGRP no longer complies with Nasdaq Listing Rule 5620. Nasdaq Listing Rule 5620(a) requires that a listed company hold an annual meeting of shareholders (the " Annual Meeting Rule "). In the Nasdaq Noncompliance Letter, Nasdaq said that SGRP had 45 calendar days to submit a plan to Nasdaq to regain compliance with the Annual Meeting Rule (the " Compliance Plan "). If Nasdaq in its discretion accepts SGRP's Compliance Plan, Nasdaq can grant an exception of up to 180 calendar days from the fiscal year end, or until June 30, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004989/000143774925007997/0001437749-25-007997-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.