SPAR Group sells treasury shares at 76% premium in $440K private investment deal

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A group of high-net-worth investors purchased 220,000 SPAR shares at $2/share in a $440,000 private transaction.
The purchase price represents a 76% premium over SPAR’s previous closing price of $1.13.
Shares were issued from treasury, and the investors had previously supported the now-terminated Highwire Capital deal.
The deal does not offset the $1.76M termination fee owed by Highwire Capital, for which SPAR has issued a formal demand.
Source: Press release

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