SpringBig receives default notice on $9.8M notes; disputes three claimed events of default

SpringBig Holdings, Inc.

Outstanding $1.6M 2024 Secured Term Notes and $8.2M 2024 Secured Convertible Notes as of Apr 27, 2026.
Notice alleges minimum cash covenant breach for Jan 2026; company says complied in Feb and March.
Company disputes claims of failure to consult and false litigation representations from over a year ago.
Noteholders have not accelerated or foreclosed; company has no assurance they won't.
Notice received April 21, 2026; company engaged with lead noteholders Shalcor and Lightbank.

item 2.04

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001213900-26-048203
form_type: 8-K
ticker: SBIG
cik: 0001801602
company_name: SpringBig Holdings, Inc.
filed_at: 2026-04-28T23:59:59+00:00
discovered_at: 2026-05-14T18:02:32.931664+00:00
generated_at: 2026-05-15T03:02:18.907477+00:00
sec_items: ["2.04"]
event_type: debt
sentiment: negative
materiality_score: 0.75
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001213900-26-048203
json_url: https://secwatch.observer/filing/0001213900-26-048203.json
markdown_url: https://secwatch.observer/filing/0001213900-26-048203.md
text_url: https://secwatch.observer/filing/0001213900-26-048203.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1801602/000121390026048203/0001213900-26-048203-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1801602/000121390026048203/ea0287909-8k_springbig.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

JSON Markdown Plain text

Source: SEC EDGAR

accession 0001213900-26-048203

view filing index on sec.gov

view primary document

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.