SPAR Group Stockholders Approve Merger With Highwire Capital; SGRP Stockholders Will Receive $2.50 In Cash Per Share Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
SPAR Group stockholders have approved a merger with Highwire Capital, where SGRP stockholders will receive $2.50 per share. The transaction is expected to close in Q4 2024, after which SPAR Group will become a privately held company and delist from NASDAQ.
October 25, 2024 | 6:52 pm
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SPAR Group's merger with Highwire Capital has been approved, offering $2.50 per share to SGRP stockholders. The company will become private and delist from NASDAQ upon transaction completion in Q4 2024.
The approval of the merger means SGRP stockholders will receive a cash payout, which is typically positive for the stock price in the short term. The delisting from NASDAQ indicates a significant change in the company's structure, impacting its public trading status.
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