other material
confidence high
sentiment neutral
materiality 0.50
ReposiTrak elects SPAR Group stock for $2.3M services fee settlement
ReposiTrak, Inc.
- ReposiTrak elected to receive 3,190,569 shares of SPAR Group common stock at $0.7287/share to satisfy $2,325,000 services fee.
- Amendment permits ReposiTrak to elect cash, stock, or combination for payment; this is the first such election.
- Shares are restricted and issued under exemption from registration under the Securities Act.
- Only payment terms amended; all other terms of original services agreement unchanged.