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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.