Coinciding with the announcement it had scrapped a planned merger with a North Carolina entity and, simultaneously, had made available millions of shares for trading, soon-to-be-Nashville-based retail company Neighborhood Intelligence Inc. has seen company CEO Marcus Lemonis acquire more than 360,000 shares of the company’s common stock.

MARCUS Meatpacking Grand Opening Event

Marcus Lemonis as seen in 2018 in New York 

According to a Securities and Exchange Commission filing, Lemonis purchased 362,319 shares at a pre-set price of $2.76 per share on Oct. 6, an insider transaction valued at approximately $1 million.