SPAR Group Inc. has announced the termination of its previously planned merger with Highwire Capital, LLC. The merger agreement, initially entered into on August 30, 2024, involved SPAR Group merging with Highwire Merger Co. I, Inc., a subsidiary of Highwire Capital, to become a wholly owned subsidiary of the latter. However, the merger was not consummated by the stipulated deadline of May 22, 2025. Consequently, SPAR Group formally terminated the agreement on May 23, 2025. As per the terms of the agreement, Highwire Capital is required to pay a termination fee to SPAR Group by May 28, 2025.
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