SPAR Group, Inc. (SGRP) has entered into a significant financial agreement with PC Group, Inc., securing a $4 million unsecured loan. This loan, effective March 13, 2026, is structured as a Senior Unsecured Promissory Note, which requires interest-only payments at a fixed rate of 8% per annum. The loan is repayable in full after a term of 36 months, with the final payment due on March 16, 2029. The initial drawdown of $3 million was executed on March 16, 2026, with an additional $1 million available for drawdown in July 2026. As part of the loan agreement, SPAR Marketing Force, Inc., a wholly owned subsidiary of SGRP, will issue 1 million shares of SGRP's common stock to PC Group at a deemed value of $0.80 per share, totaling $800,000. This issuance is expected to occur within 30 days of the note's execution. The loan agreement includes provisions for a staggered funding schedule and stipulates that the $800,000 deemed value will be applied as a reduction to the final principal payoff amount, subject to adjustments based on future stock issuances. SPAR Group has also agreed to act as an unconditional guarantor for the loan, ensuring the payment and performance of all obligations under the note. This financing arrangement is anticipated to enhance SPAR Group's liquidity position, allowing for operational flexibility and potential growth opportunities in the coming years.

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