# ReposiTrak, Inc. (TRAK) — divestiture/joint_venture [terminated]
Source: SEC API (secapi.ai) · situation sit_24131ae3d57f633e1f2a · retrieved 2026-08-11T16:11:14.785Z

## Overview
ReposiTrak, Inc. is a computer processing and data preparation services company that provides supply chain visibility and food safety solutions.

On July 1, 2026, ReposiTrak, Inc. entered into Stock Purchase Agreements with William Bartels and WHB Services, Inc. Incentive Savings Plan and Trust to acquire an aggregate of 4,709,837 shares of common stock of SPAR Group, Inc. for approximately $3.3 million in total consideration. The purchase price consists of a $100,000 non-refundable deposit (previously paid), $139,883 payable upon delivery of Bartels' shares, $485,118 payable upon delivery of WHB's shares, and a $2,571,885 unsecured promissory note issued to Bartels bearing 6.0% annual interest, maturing on July 1, 2030, with principal payable in three annual installments of $725,000 plus accrued interest, with the remaining balance due at maturity. Following the transaction, ReposiTrak will beneficially own 31.3% of SPAR Group's outstanding common stock.

## Terms
- Counterparty: William Bartels and WHB Services, Inc. Incentive Savings Plan and Trust · Deal value: $3.3M · Consideration: mixed · Stake: 31.3% · Price/share: $0.7

## Key dates
- Expected close 2026-07-01 · Terminated 2026-07-08

## Timeline
- 2026-07-08 · 8-K (0001437749-26-023059): 8-K - ReposiTrak, Inc. — *ReposiTrak, Inc. is a computer processing and data preparation services company that provides supply chain visibility and food safety solutions.* On July 1, 2026, ReposiTrak, Inc. entered into Stock Purchase Agreements with William Bartels and WHB Services, Inc. Incentive Savings Plan and Trust to acquire an aggregate of 4,709,837 shares of common stock of SPAR Group, Inc. for approximately $3.3 million in total consideration. The purchase price consists of a $100,000 non-refundable deposit (previously paid), $139,883 payable upon delivery of Bartels' shares, $485,118 payable upon delivery of WHB's shares, and a $2,571,885 unsecured promissory note issued to Bartels bearing 6.0% annual interest, maturing on July 1, 2030, with principal payable in three annual installments of $725,000 plus accrued interest, with the remaining balance due at maturity. Following the transaction, ReposiTrak will beneficially own 31.3% of SPAR Group's outstanding common stock.
  https://www.sec.gov/Archives/edgar/data/50471/0001437749-26-023059.txt

## Citations
- 0001437749-26-023059 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000143774926023059