SPAR Group subsidiary gets $4M unsecured loan from PC Group; issues 1M shares as consideration

SPAR Group, Inc.

SPAR Marketing Force borrows $4M at 8% fixed interest, 36-month term, monthly interest-only payments, principal due March 2029.
Initial drawdown of $3M on March 16, 2026; additional $1M available for draw in July 2026.
SPAR Group to issue 1,000,000 shares of common stock to PC Group at $0.80/share ($800k) within 30 days, applied as credit against final principal.
Price protection: if SGRP issues shares below $0.80 during term, additional shares issued to preserve $800k economic value.
SPAR Group unconditionally guarantees all payment and performance obligations of the borrower subsidiary.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SPAR Group, Inc. entered into Senior Unsecured Promissory Note with PC Group, Inc. valued at $4,000,000 (effective 2026-03-13).

Action: entry
Agreement: credit facility
Counterparty: PC Group, Inc.
Value: $4,000,000
Effective: 2026-03-13

Exact text from the filing

On March 14, 2026, SPAR Marketing Force, Inc. (" SMF "), a wholly owned subsidiary of SGRP and part of the Company, entered into a $4,000,000 unsecured loan arrangement (the " Loan ") with PC Group, Inc. (" PC Group "). The Loan is evidenced by a Senior Unsecured Promissory Note (the " Note " ) issued by SMF as borrower to PC Group, as lender, and effective as of March 13, 2026.

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SPAR Group, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-26-009050

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