{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-078753","form_type":"8-K","ticker":"SBIG","cik":"0001801602","company_name":"SpringBig Holdings, Inc.","filed_at":"2026-07-16T20:53:25+00:00","discovered_at":"2026-07-16T20:54:39.435542+00:00","generated_at":"2026-07-16T20:54:48.285658+00:00","sec_items":["1.01","5.02","2.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"SpringBig Holdings transfers assets to LS Round II, LLC, releases $12.5M debt, appoints new CEO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-078753","json":"https://secwatch.observer/filing/0001213900-26-078753.json","markdown":"https://secwatch.observer/filing/0001213900-26-078753.md","text":"https://secwatch.observer/filing/0001213900-26-078753.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801602/000121390026078753/0001213900-26-078753-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801602/000121390026078753/ea0298313-8k_springbig.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-16T20:54:48.285658+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7583a09c41","claim":"Andrew Jay Glashow was appointed as Class I Director at SpringBig Holdings, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000121390026078753/0001213900-26-078753-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class I Director"}],"fact_type":"executive_change"},{"claim_id":"f0bf1f30f1","claim":"Andrew Jay Glashow was appointed as Chief Executive Officer at SpringBig Holdings, Inc..","evidence_excerpt":"On July 10, 2026, the Board appointed Mr. Glashow, age 63, as Chief Executive Officer of the Company, effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000121390026078753/0001213900-26-078753-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}