---
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"
generated_at: "2026-07-16T20:54:48.285658+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# SpringBig Holdings transfers assets to LS Round II, LLC, releases $12.5M debt, appoints new CEO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-078753
- JSON: https://secwatch.observer/filing/0001213900-26-078753.json
- Plain text: https://secwatch.observer/filing/0001213900-26-078753.txt

## Key facts
- Executive change
  Andrew Jay Glashow was appointed as Class I Director at SpringBig Holdings, Inc..
  - Action: appointed
  - Role: Class I Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1801602/000121390026078753/0001213900-26-078753-index.htm
- Executive change
  Andrew Jay Glashow was appointed as Chief Executive Officer at SpringBig Holdings, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On July 10, 2026, the Board appointed Mr. Glashow, age 63, as Chief Executive Officer of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000121390026078753/0001213900-26-078753-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.