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.

View on SEC.gov

299 material agreements filed in the last 30 days. Browse all material agreements →

SPAR Group, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-26-009050

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.