Nasdaq to delist SPAR Group on July 23 after failed reverse split vote

SPAR Group, Inc.

Nasdaq determined SPAR failed to regain compliance with $1.00 bid price rule by July 13, 2026.
Company also fails to meet $2.5M minimum stockholders' equity requirement for continued listing.
Delisting effective July 23, 2026 unless appeal requested by July 21, 2026.
Stockholders voted against 1-for-5 reverse stock split (4.85M for, 9.37M against) at July 10 special meeting.
Adjournment proposal also failed (4.88M for, 9.08M against).

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