SPAR Group (NASDAQ: SGRP) has announced a delay in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The company, which provides merchandising, marketing and distribution services, cited two main reasons for the delay: the extended closing process of an announced merger transaction with Highwire and the implementation of a new ERP system. Despite filing Form 12b-25 on March 31, 2025, which provided a 15-calendar-day extension period, SPAR Group will not meet this extended deadline. The company is currently working with its independent registered accounting firm to complete the audit procedures and will file the Report once the year-end audit work is finalized.