InvestmentJul 8, 2026, 05:22 PM
ReposiTrak Acquires 31.3% Stake in SPAR Group for $3.3M
AI Summary
ReposiTrak, Inc. entered into Stock Purchase Agreements to acquire 4,709,837 shares of SPAR Group, Inc. common stock from William Bartels and WHB Services, Inc. Incentive Savings Plan and Trust. The total consideration for these shares is approximately $3.3 million, which includes a $100,000 deposit, cash payments totaling $624,991, and an unsecured promissory note for $2,571,885. Following the acquisition, ReposiTrak will beneficially own 31.3% of SPAR Group's outstanding common stock for investment purposes.
Key Highlights
- ReposiTrak acquired 4,709,837 shares of SPAR Group common stock.
- Aggregate contingent consideration for the shares is approximately $3.3 million.
- Consideration includes a $100,000 non-refundable deposit.
- Cash payments of $139,883 (Bartels) and $485,118 (WHB) are due at closing.
- ReposiTrak issued an unsecured promissory note for $2,571,885.
- The note bears interest at 6.0% per annum and matures on July 1, 2030.
- Principal is payable in annual cash installments of $725,000 for three years.
- ReposiTrak will beneficially own 31.3% of SPAR Group's outstanding common stock.
Price Impact
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