High-Net Worth Investor Group Acquires SPAR Group Shares at 76% Premium

An investor group has acquired 220,000 SPAR Group shares at a 76% premium to the closing price of $1.13. The transaction was completed at $2.00 per share, with the investor group paying $440,000 in cash. SPAR Group's President and CEO, Mike Matacunas, expressed his pleasure at the investment, which he believes underscores the potential value of the company's stock. The investment does not replace the termination fee due from Highwire Capital, which previously terminated a merger agreement with SPAR Group.