---
title: "ReposiTrak Buys 31.3% of SPAR Group for ~$3.3M; Issues 6% Note With Staged Payments"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292117271.md"
description: "ReposiTrak acquired a 31.3% stake in SPAR Group for approximately $3.3 million via two Stock Purchase Agreements. The transaction includes cash payments and a $2.57 million unsecured note bearing 6% interest, maturing in 2030 with staged principal repayments. ReposiTrak stated the investment is passive and does not grant management control of SPAR Group."
datetime: "2026-07-08T21:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292117271.md)
  - [en](https://longbridge.com/en/news/292117271.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292117271.md)
---

# ReposiTrak Buys 31.3% of SPAR Group for ~$3.3M; Issues 6% Note With Staged Payments

ReposiTrak entered two Stock Purchase Agreements to acquire an aggregate 4,709,837 shares of SPAR Group, representing 31.3% of the company. Aggregate consideration totals approximately $3.3 million, including a previously paid $100,000 deposit, $139,883 payable upon delivery of shares from William Bartels, $485,118 payable upon delivery from WHB Services Incentive Savings Plan and Trust, and issuance of a $2,571,885 unsecured note to Bartels. The note bears 6.0% interest, requires $725,000 annual principal payments on each of the first three anniversaries, and matures on July 1, 2030. ReposiTrak states the investment is for passive purposes and does not provide management control of SPAR Group.

**Agreement 1: ReposiTrak Buys 31.3% of SPAR Group for ~$3.3M; Issues 6% Note With Staged Payments**

-   **Agreement type**: Stock Purchase Agreement for SPAR Group common stock
-   **Counterparty**: William Bartels
-   **Signed / Effective**: Jul 01 2026 / same
-   **Duration / Termination**: N/A
-   **Reason**: Acquire a significant minority stake in SPAR Group

**Agreement 2: ReposiTrak Buys 31.3% of SPAR Group for ~$3.3M; Issues 6% Note With Staged Payments**

-   **Agreement type**: Stock Purchase Agreement for SPAR Group common stock
-   **Counterparty**: WHB Services Incentive Savings Plan and Trust
-   **Signed / Effective**: Jul 01 2026 / same
-   **Duration / Termination**: N/A
-   **Reason**: Acquire a significant minority stake in SPAR Group

Original SEC Filing: ReposiTrak, Inc. \[ TRAK \] - 8-K - Jul. 08, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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