BGSF closes $99M all-cash sale of Professional Division to INSPYR Solutions

BGSF, INC.

Sold Professional Division to INSPYR Solutions (A&M Capital portfolio co.) for $99M cash on Sept 8, 2025.
Repaid ~$43M credit facility (BMO Bank) and ~$4.4M convertible note at closing.
Pro forma shows net loss of $3.8M for 26-week period ended June 29, 2025, after divestiture.
Company intends to use proceeds to eliminate debt and invest in Property Management business.
Board to work with advisors to determine best use of remaining proceeds for shareholder value.

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