SPAR Group announced that a group of investors acquired 220,000 of its shares at a 75% premium.
The investment was made by high-net worth individuals supporting a previously terminated transaction.
The shares were purchased for $2.00 per share, totaling $440,000 in cash.
This private transaction reflects confidence in SPAR Group's potential value and future prospects.
Investor Acquisition
Investor group purchased 220,000 SPAR Group shares at $2.00 per share.
Premium Investment
The transaction was made at a 75% premium to Monday's closing price of $1.14.
Strategic Decision
Investors recognized SPAR Group's potential value, highlighting future growth opportunities.
Termination Fee
Investment does not replace the $1,758,728 due from Highwire Capital as a termination fee.
- The acquisition of SPAR Group shares at a significant premium indicates confidence in the company's growth prospects.
- This private transaction underscores the market's recognition of SPAR Group's value and potential for future success.
SPAR Group's recent investor acquisition at a premium price illustrates market confidence in the company's future growth potential. The transaction reflects the positive outlook on SPAR Group's performance and value.