m_and_a
confidence high
sentiment neutral
materiality 0.70
SpringBig acquires VICE CRM for 2.38M shares; CEO Christopher gets majority stake
SpringBig Holdings, Inc.
- Total purchase price of 2,383,126 shares of SpringBig common stock; 1,191,563 issued at closing, 1,191,563 held back for 12-month continuous service by CEO.
- At closing, Jaret Christopher received 772,133 shares, David Schachter 181,117, Luis Aristides Diaz Madrid 238,313.
- VICE CRM is an AI-enabled performance marketing platform for regulated industries (alcohol, cannabis); business to be integrated into SpringBig.
- Holdback Shares subject to indemnification claims; issuance contingent on Christopher's 12-month continued employment.
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