10:36 AM EDT, 03/20/2025 (MT Newswires) -- Highwire Capital said Thursday it affirmed its plan to close the proposed acquisition of SPAR Group (SGRP).

"Highwire Capital remains committed to the completion of this transaction," said Ben Hudson of Highwire in a news release.

"Our lender's commitment letter has been extended and we continue to work closely with all parties to finalize this process and deliver value to the SPAR shareholders."

SPAR Group and Highwire struck the all-cash acquisition deal in August last year.

Shares of SPAR Group were up over 7% in recent trading.

Price: 1.40, Change: +0.10, Percent Change: +7.31