secwatch.observer — SEC 8-K summary
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Issuer:     SpringBig Holdings, Inc. (SBIG)
CIK:        0001801602
Form:       8-K
Filed at:   2026-05-21T21:13:57+00:00
Accession:  0001213900-26-060149
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801602/000121390026060149/0001213900-26-060149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801602/000121390026060149/ea0291869-8k_springbig.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-060149

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer