October 4, 2024
In a significant corporate development, Apollo Technology Capital Corp. (referred to herein as Apollo Capital) recently voiced its apprehensions regarding Highwire Capital's bid to take SPAR Group, Inc. (NASDAQ: SGRP) private. Based in Toronto, Canada, Apollo Capital outlined its objections on October 4, 2024, emphasizing the nuances of this impending financial maneuver.Highwire Capital, a middle-market private equity firm renowned for its focus on leveraged buy-outs, has become a focal point of scrutiny as it seeks to acquire SPAR, a company known for its performance in the retail merchandising sector. The potential take-private transaction has raised various flags, prompting Apollo Capital to publicly shar...
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