HG Holdings repurchases shares from Solas; Hale group ownership jumps to 73% via stock issuance and services deal

HG Holdings, Inc.

Repurchased 402,322 shares from Solas entities for $3.14M ($7.80/sh), reducing Solas ownership from 41.4% to 14.4%.
Issued 2,899,876 shares to Hale-affiliated Assignors in exchange for ACMAT shares, raising Hale group ownership from 34.7% to 73.0%.
Entered Master Services Agreement with HP Risk Solutions (Hale affiliate) for $6M/year for 3 years, starting June 1, 2025.
Change in control of registrant occurred after these transactions; Hale individually owns 0.52%.

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