Company Overview - Highwire Capital is a middle-market investment firm focused on transforming businesses by integrating innovative technologies with traditional operating models [3] - SPAR Group, Inc. is an innovative services company that provides comprehensive merchandising, marketing, and distribution solutions to retailers and brands, emphasizing resources and analytics to enhance brand experiences [4] Acquisition Details - Highwire Capital intends to close the proposed acquisition of SPAR Group, which was approved by SPAR Group's stockholders in a special meeting on October 25, 2024 [2] - The acquisition is structured as an all-cash transaction under the Agreement and Plan of Merger dated August 30, 2024 [2] Commitment and Future Outlook - Highwire Capital has extended its lender's commitment letter and is actively working with all parties to finalize the acquisition process, aiming to deliver value to SPAR shareholders [3] - The company expresses excitement about the future of SPAR and looks forward to a successful close of the transaction [3]
Highwire Confirms Plan for Acquisition of SPAR Group