SpringBig Holdings transfers assets to LS Round II, LLC, releases $12.5M debt, appoints new CEO
SpringBig Holdings, Inc.
Transferred all equity of subsidiary SpringBig, Inc. to LS Round II, LLC under Reorganization Agreement dated July 13, 2026.
Eliminated approximately $12.5 million in principal and accrued interest on Senior Secured Convertible and Term Promissory Notes.
Appointed Andrew Jay Glashow as CEO and Class I director effective July 10, 2026, with annual salary of $125,000.
Company received $171,920.69 cash consideration and reduced secured obligations by $150,000; intends to pursue strategic business combination or wind down.
Agent Shalcor Management Inc. and purchasers Lightbank II, L.P. and LS Round II, LLC consented to the reorganization in lieu of foreclosure.
On July 10, 2026, the Board of Directors (the “Board”) of the Company appointed Andrew Jay Glashow to fill a vacancy on the Board, effective immediately.
On July 10, 2026, the Board appointed Mr. Glashow, age 63, as Chief Executive Officer of the Company, effective immediately.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Andrew Jay Glashow was appointed as Class I Director at SpringBig Holdings, Inc..
Action
appointed
Role
Class I Director
Exact text from the filing
On July 10, 2026, the Board of Directors (the “Board”) of the Company appointed Andrew Jay Glashow to fill a vacancy on the Board, effective immediately.
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