ReposiTrak acquires 31.3% stake in SPAR Group for ~$3.3M

ReposiTrak, Inc.

Acquired 4,709,837 SPAR Group shares from William Bartels and WHB Trust for ~$3.3M total consideration.
Consideration includes $100k deposit, $139,883 cash to Bartels, $485,118 cash to WHB, and a $2.57M promissory note to Bartels.
Note bears 6% interest, matures July 2030, with annual principal payments of $725k.
ReposiTrak now beneficially owns 31.3% of SPAR Group's outstanding common stock.
ReposiTrak states it has no contractual rights to control SPAR Group's management or operations.

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