Notice of Delisting or Failure to Satisfy Continued Listing Rule

SPAR Group, Inc. (SGRP) received a notification from Nasdaq on April 2, 2026, stating that the company does not meet the minimum stockholders' equity requirement of $2,500,000 for continued listing on the Nasdaq Capital Market. The company's Form 10-K for the year ended December 31, 2025, reported stockholders' equity of $622,000, failing to meet this requirement and the alternative requirements of minimum market value of listed securities or minimum net income from continuing operations. Nasdaq has given SGRP 45 calendar days to submit a plan to regain compliance, with a potential extension of up to 180 calendar days if the plan is accepted. The company is required to provide documentation supporting its plan.