SpringBig receives Nasdaq deficiency notice for MVLS below $50M; has 180 days to comply

SpringBig Holdings, Inc.

Nasdaq notified SpringBig on Sept 7, 2022 that MVLS was below $50M for 30 consecutive business days.
Company has until March 6, 2023 to regain compliance by closing MVLS at $50M+ for 10 consecutive days.
If not compliant, SpringBig may transfer to Nasdaq Capital Market or face delisting.
No immediate effect on trading of SBIG common stock or SBIGW warrants.
Company intends to monitor MVLS and evaluate available options to regain compliance.

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