SHAREHOLDER NOTICE: Brodsky & Smith announces an investigation into SPAR Group, Inc. (SGRP)

Bala Cynwyd, Pennsylvania–(Newsfile Corp. – September 4, 2024) – The law firm of 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 duties and other violations of federal and state laws 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 is looking into whether the SPAR Group board breached its fiduciary duties to shareholders by failing to conduct a fair process. Among other things, it is examining whether Highwire is paying the company’s shareholders a fair price. For example, the deal is priced below the 52-week high of $3.12 for the company’s shares.