Highwire Capital Thursday has confirmed its intent to proceed with the acquisition of SPAR Group, Inc. (SGRP) in response to media and investor inquiries.
Under the Agreement and Plan of Merger signed on August 30, 2024, Highwire Capital will acquire SPAR Group in an all-cash transaction through its subsidiary, Highwire Merger Co. I, Inc. SPAR Group's stockholders approved the deal on October 25, 2024.
Ben Hudson of Highwire Capital emphasized the firm's continued commitment, noting that the lender's commitment letter has been extended and all parties are working toward finalizing the transaction to maximize shareholder value.
SGRP is currently trading at $1.38 or 6.1538% higher on the Nasdaq Capital Market.
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