secwatch.observer — SEC 8-K summary
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Issuer:     SpringBig Holdings, Inc. (SBIG)
CIK:        0001801602
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001213900-26-048203
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801602/000121390026048203/0001213900-26-048203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801602/000121390026048203/ea0287909-8k_springbig.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-048203

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