{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-009050","form_type":"8-K","ticker":"SGRP","cik":"0001004989","company_name":"SPAR Group, Inc.","filed_at":"2026-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.382095+00:00","generated_at":"2026-05-15T09:33:57.904254+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"SPAR Group subsidiary gets $4M unsecured loan from PC Group; issues 1M shares as consideration","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-009050","json":"https://secwatch.observer/filing/0001437749-26-009050.json","markdown":"https://secwatch.observer/filing/0001437749-26-009050.md","text":"https://secwatch.observer/filing/0001437749-26-009050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926009050/0001437749-26-009050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926009050/sgrp20260318_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:33:57.904254+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"669d4dc8460f49a1f4a5f093d9843a262b1fdff9","claim":"SPAR Group, Inc. entered into Senior Unsecured Promissory Note with PC Group, Inc. valued at $4,000,000 (effective 2026-03-13).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1004989/000143774926009050/0001437749-26-009050-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"PC Group, Inc."},{"label":"Value","value":"$4,000,000"},{"label":"Effective","value":"2026-03-13"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}