Apollo Capital Notes Deficiencies of SPAR Group (SGRP) Take-Private By Highwire
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Apollo Capital Notes Deficiencies of SPAR Group Take-Private By Highwire
October 4, 2024 4:28 PM EDTToronto, Canada, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Apollo Technology Capital Corp. (Apollo Capital or we), today expressed its concerns about the proposed take-private of SPAR Group, Inc. (NASDAQ: SGRP) (SPAR) by Highwire Capital ("Highwire"), a middle-market private equity firm focused on performing leveraged buy-outs, and discloses the intent of its Chairman and CEO, a stockholder of SPAR, to vote against the transaction at the upcoming special meeting of SPAR stockholders.Â
Apollo Capital contends that, among other things: (1) there are serious questions about the credibility and certainty of Highwires financing and the ability to close the proposed take-private... More
