SPAR Group Faces Nasdaq Filing Deadline After Q1 2025 Report Delay

SPAR Group (SGRP), a merchandising and marketing services company, recently regained Nasdaq compliance by filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. However, the company received a deficiency notice from Nasdaq for failing to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, violating Nasdaq Listing Rule 5250(c)(1). Nasdaq has given SPAR Group 60 calendar days to submit a compliance plan, which, if accepted, could extend the deadline to October 13, 2025, to regain compliance. The deficiency notice does not currently impact the trading or listing of SPAR Group’s shares, but failure to comply could risk delisting and market volatility. SPAR Group is actively working to complete and file its delayed Form 10-Q and remains committed to maintaining SEC reporting compliance. The company’s stock is considered undervalued based on its financial metrics, though challenges like weak revenue and cash flow generation temper optimism.