SPAR Group, Inc. reported financial results for the second quarter ended June 30, 2026, announcing a return to profitability with net income of $409 thousand, or $0.02 per diluted share, compared to a net loss in the prior year period. Second-quarter net revenues decreased 4.5% year-over-year to $36.9 million, driven by a 7.8% decline in U.S. remodel work offset by a 30.5% increase in Canadian revenues. Adjusted EBITDA rose materially to $2.1 million from $1.3 million in the prior year period. The company also revised its full-year 2026 net revenue guidance downward to a range of $130 million to $138 million, citing a strategic shift toward higher-margin merchandising services and lower remodel activity. SPAR Group operates as an innovative services company offering comprehensive merchandising, marketing, and distribution solutions to retailers and brands throughout the United States and Canada.

On August 6, 2026, the Board of Directors accepted the immediate retirements of directors James R. Brown, Sr. and Panos Lazaretos. The board cited breaches by Robert Brown, who designated these directors, of a Change of Control, Voting and Restricted Stock Agreement and a Settlement Agreement dated April 27, 2026. The filings stated that the designees acted inconsistently with the company's best interests, violated corporate policies and OTCQB rules, and negatively impacted board performance. Consequently, the remaining directors voted to set the board size at five members. SPAR Group, Inc. operates in the marketing services industry, providing merchandising and remodeling solutions for consumer goods manufacturers.

SPAR Group, Inc. announced that its common stock will be delisted from the Nasdaq Stock Market and will begin trading on the OTCQB Venture Market effective at the market open on July 23, 2026. The company will continue to use the ticker symbol "SGRP". This transition follows a determination letter from Nasdaq notifying the company of its delisting. The company stated that the move does not affect its business operations or its status as an SEC reporting company. SPAR Group, Inc. is a services company providing merchandising, marketing, and distribution solutions to retailers and brands.

SPAR Group, Inc. announced that its common stock will be delisted from the Nasdaq Capital Market at the opening of business on July 23, 2026, due to non-compliance with Nasdaq's bid price and stockholders' equity rules. At a special meeting held on July 10, 2026, stockholders rejected both a proposed 1:5 reverse stock split and a proposal to adjourn the meeting to solicit more proxies. SPAR Group, Inc. provides merchandising and remodeling services to the retail industry.

SPAR Group, Inc. convened a special meeting of stockholders on July 6, 2026, which failed to reach a quorum. As of the June 16, 2026 record date, 28,398,560 shares of common stock were outstanding and entitled to vote. Due to the lack of sufficient voting power, the chairperson adjourned the meeting, and it is scheduled to reconvene virtually on July 10, 2026, to vote on proposals detailed in the company's June 26, 2026 proxy statement. SPAR Group, Inc. is a provider of merchandising and remodeling services for the retail industry.