SPAR Group terminates merger with Highwire Capital; receives termination fee

SPAR Group, Inc.

Merger agreement dated Aug 30, 2024 terminated May 23, 2025 after deal missed closing deadline.
SPAR issued conditional termination notice on May 15; Parent failed to close by May 22, 2025.
Under Section 7.06(b), Highwire Capital must pay Termination Fee to SPAR by May 28, 2025.
Termination fee amount not disclosed; SPAR remains an independent public company.

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