SPAR Group sells 220K shares at $2.00 (76% premium); demands $1.76M termination fee from Highwire

SPAR Group, Inc.

Investor group (former Highwire supporters) bought 220K shares at $2.00 each, a 76% premium to Aug 25 close of $1.14.
Proceeds of $440,000; shares issued from treasury, avoiding dilution of existing shares.
SPAR demands full $1,758,728 termination fee from Highwire for failing to consummate the terminated merger.
CEO Matacunas calls the investment a strategic vote of confidence in the company's future value.

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