On March 16, 2026, ReposiTrak, Inc. announced that its subsidiary, PC Group, Inc., has executed a Senior Unsecured Promissory Note with SPAR Marketing Force, Inc. The loan facility amounts to a total of $4 million, structured in two tranches: an initial advance of $3 million and a subsequent $1 million available for drawdown starting July 17, 2026. The note carries an interest rate of 8% per annum, with monthly interest payments due, and matures on March 16, 2029. Notably, SPAR Group, Inc., the parent company of the borrower, has provided an unconditional guaranty for the obligations under the note. Additionally, as part of the agreement, SPAR Group will issue 1 million shares of its common stock to PC Group at a deemed value of $0.80 per share within 30 days of the note's execution. This transaction is expected to strengthen the strategic relationship between ReposiTrak and SPAR Marketing Force, enhancing liquidity and operational capabilities for both entities. The note includes anti-dilution provisions to protect the value of the shares issued, ensuring that any future equity offerings below the agreed price will trigger additional share issuances to maintain value. The agreement also outlines customary events of default, which could lead to an increase in the interest rate to 12% and allow for acceleration of repayment in case of default. This financing arrangement is seen as a positive step for ReposiTrak, potentially improving its financial position and operational flexibility in the market.

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