Mar. 17 at 8:29 PM
$SGRP SGRP and Highwire Capital remain committed to closing the Proposed Acquisition. However, revisions to the Buyer's financing structure have become necessary, leading to an expansion of the original financing arrangement. This expansion has resulted in extended due diligence and renegotiations with lenders. The final stages now involve completing escrow deposits, issuing and validating Letters of Credit, and obtaining final lender approval and fund disbursement.
The financing commitment period has been extended through April 15, 2025, under the Fourth Extension of the Amended and Restated Commitment Letter (the "Extension Letter") sent to Highwire Capital on March 14, 2025. Further extensions may be required. Nonetheless, the Merger Agreement may be terminated by either party if the transaction is not consummated on or before May 30, 2025
