---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-023538"
form_type: "8-K"
ticker: "SBIG"
cik: "0001801602"
company_name: "SpringBig Holdings, Inc."
filed_at: "2022-06-21T23:59:59+00:00"
generated_at: "2026-06-25T00:31:39.431608+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SpringBig completes SPAC merger with Tuatara; stock now trades as SBIG on Nasdaq

## Summary
- Completed business combination with Tuatara (TCAC); renamed SpringBig Holdings, Inc. Common and warrants trade as SBIG/SBIGW on Nasdaq.
- 19.1M public shares redeemed at ~$10.01/share ($191.4M); only 876k non-redeemed shares; trust leftover ~$8.77M.
- PIPE: 1.31M shares at $10.00/share ($13.1M gross). Also issued $11M convertible note (6%, due 2024) with warrant for 586,980 shares at $12.00.
- Sponsor deposited 1M earnout shares; release if stock ≥$12 for 20 of 30 days within 5 years.
- Top holders: Medici Holdings 18.8%, Tuatara Capital 13.8%, TVC Capital 10.0%, Altitude 6.0%, Gamson 5.2%.

## SEC filing metadata
- accession: 0001140361-22-023538
- form_type: 8-K
- ticker: SBIG
- cik: 0001801602
- company_name: SpringBig Holdings, Inc.
- filed_at: 2022-06-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 9.01, 5.02, 3.02, 4.01, 2.03, 3.03, 5.01, 5.03, 5.05, 5.06, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801602/000114036122023538/0001140361-22-023538-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801602/000114036122023538/brhc10038924_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-023538
- JSON: https://secwatch.observer/filing/0001140361-22-023538.json
- Plain text: https://secwatch.observer/filing/0001140361-22-023538.txt

## Key facts
- Executive change
  Jeffrey Harris was appointed as CEO of New SpringBig at SpringBig Holdings, Inc..
  - Action: appointed
  - Role: CEO of New SpringBig
  source text: Additionally, employment agreements with Jeffrey Harris, CEO of New SpringBig, and Paul Sykes, CFO of New SpringBig, became effective as of the Closing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000114036122023538/0001140361-22-023538-index.htm
- Executive change
  Jeffrey Bornstein resigned as director at SpringBig Holdings, Inc..
  - Action: resigned
  source text: At Closing, all incumbent directors and officers of Tuatara, Albert Foreman, Mark Zittman, Sergey Sherman, Jeffrey Bornstein, Michael Finkelman, Richard Taney, resigned.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000114036122023538/0001140361-22-023538-index.htm
- Executive change
  Albert Foreman resigned as director at SpringBig Holdings, Inc..
  - Action: resigned
  source text: At Closing, all incumbent directors and officers of Tuatara, Albert Foreman, Mark Zittman, Sergey Sherman, Jeffrey Bornstein, Michael Finkelman, Richard Taney, resigned.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000114036122023538/0001140361-22-023538-index.htm
- Executive change
  Richard Taney resigned as director at SpringBig Holdings, Inc..
  - Action: resigned
  source text: At Closing, all incumbent directors and officers of Tuatara, Albert Foreman, Mark Zittman, Sergey Sherman, Jeffrey Bornstein, Michael Finkelman, Richard Taney, resigned.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000114036122023538/0001140361-22-023538-index.htm
- Executive change
  Michael Finkelman resigned as director at SpringBig Holdings, Inc..
  - Action: resigned
  source text: At Closing, all incumbent directors and officers of Tuatara, Albert Foreman, Mark Zittman, Sergey Sherman, Jeffrey Bornstein, Michael Finkelman, Richard Taney, resigned.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000114036122023538/0001140361-22-023538-index.htm
- Executive change
  Sergey Sherman resigned as director at SpringBig Holdings, Inc..
  - Action: resigned
  source text: At Closing, all incumbent directors and officers of Tuatara, Albert Foreman, Mark Zittman, Sergey Sherman, Jeffrey Bornstein, Michael Finkelman, Richard Taney, resigned.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000114036122023538/0001140361-22-023538-index.htm
- Executive change
  Paul Sykes was appointed as CFO of New SpringBig at SpringBig Holdings, Inc..
  - Action: appointed
  - Role: CFO of New SpringBig
  source text: Additionally, employment agreements with Jeffrey Harris, CEO of New SpringBig, and Paul Sykes, CFO of New SpringBig, became effective as of the Closing.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000114036122023538/0001140361-22-023538-index.htm
- Executive change
  Mark Zittman resigned as director at SpringBig Holdings, Inc..
  - Action: resigned
  source text: At Closing, all incumbent directors and officers of Tuatara, Albert Foreman, Mark Zittman, Sergey Sherman, Jeffrey Bornstein, Michael Finkelman, Richard Taney, resigned.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000114036122023538/0001140361-22-023538-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.