SHAREHOLDERS’ NOTICE: Brodsky & Smith Announces Investigation into SPAR Group, Inc. (SGRP)

Bala Cynwyd, Pennsylvania–(Newsfile Corp. – September 4, 2024) – Law firm Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of SPAR Group, Inc. (“SPAR Group” or the “Company”) (NASDAQ: SGRP) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the proposed sale of the Company to Highwire Capital (“Highwire”). Under the terms of the agreement, SPAR Group shareholders will receive $2.50 per share in cash upon completion of the proposed transaction.

The investigation focuses on whether the SPAR Group Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Highwire is paying a fair value to the company’s shareholders. For example, the deal consideration is below the 52-week high of $3.12 for the company’s stock.