Apollo Capital Notes Deficiencies of SPAR Group Take-Private By Highwire
SPAR Group, Inc. (SGRP)
US:NASDAQ Investor Relations:
investors.sparinc.com/investor-relations
Company Research
Source: GlobeNewswire
Toronto, Canada, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Apollo Technology Capital Corp. (“Apollo Capital” or “we”), today expressed its concerns about the proposed take-private of SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”) by Highwire Capital ("Highwire"), a middle-market private equity firm focused on performing leveraged buy-outs, and discloses the intent of its Chairman and CEO, a stockholder of SPAR, to vote against the transaction at the upcoming special meeting of SPAR stockholders. Apollo Capital contends that, among other things: (1) there are serious questions about the credibility and certainty of Highwire’s financing and the ability to close the proposed take-private transaction, (2) if Highwire cannot obtain the financing, it would only be obligated to pay to SPAR a fee of $1.76 million, and Apollo Capital believes that such an amount would not begin to compensate SPAR and its stockholders for the harm they would suffer as a result of a failed transaction following a prol
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SGRP
News
- SPAR Group, Inc. (SGRP) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- SPAR Group Stockholders Approve Merger with Highwire Capital [Yahoo! Finance]Yahoo! Finance
- SPAR Group Stockholders Approve Merger with Highwire CapitalBusiness Wire
- SPAR Group, Inc. (SGRP) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- SPAR Group, Inc. (SGRP) Flat As Market Sinks: What You Should Know [Yahoo! Finance]Yahoo! Finance
SGRP
Earnings
- 11/14/24 - Miss
SGRP
Sec Filings
- 11/14/24 - Form 10-Q
- 11/8/24 - Form SC
- 10/30/24 - Form 4
- SGRP's page on the SEC website