SpringBig default: Lead Noteholders suspend voting rights, remove CEO Jaret Christopher, appoint interim CEO

SpringBig Holdings, Inc.

Lead Noteholders sent notice on May 15, 2026 suspending SpringBig's voting rights in subsidiary SpringBig Inc., vesting them in Shalcor Management.
Jaret Christopher removed as CEO and director of SpringBig Inc.; Coley Brown appointed interim CEO, Ivona Smith appointed director.
Noteholders have not accelerated principal payments, but company has limited access to financial resources needed to continue operations.
Default relates to 2024 Secured Term Notes and 2024 Secured Convertible Notes, previously reported on April 28, 2026.

item 2.04

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Machine-readable event card

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accession 0001213900-26-060149

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