By Stephen Nakrosis
Shares of SPAR Group Inc. were rising in the after-hours market after the company said it received an amended and restated commitment letter for financing required under its merger agreement with Highwire Capital.
In the late trading session, SPAR shares were 12% higher at $2.05. The stock closed Wednesday's regular session with a 2.8% gain at $1.83.
SPAR said the commitment termination date for the deal was extended to Feb. 15. All other terms and conditions remain unchanged.
In September, SPAR announced a deal that would see it acquired by Highwire for $2.50 per share.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 15, 2025 18:32 ET (23:32 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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