8-K filed September 5, 2023, 7:59 PM ET ticker SBIG CIK 0001801602

other material confidence high sentiment negative materiality 0.85

SpringBig Holdings, Inc. (SBIG): Nasdaq/NYSE listing notice — SpringBig delisted from Nasdaq, moves to OTCQX Sept 6; three directors resign

SpringBig Holdings, Inc.

Company withdrew appeal of Nasdaq delisting for failure to meet minimum market value and bid price requirements; trading suspended Sept 5.
Common stock and warrants expected to begin trading on OTCQX Best Market under SBIG and SBIGW on or about Sept 6.
Three directors (Amanda Lannert, Steven Bernstein, Patricia Glassford) resigned effective Aug 30-31; not due to any disagreements.
Board now comprises Jeffrey Harris, Sergey Sherman, Phil Schwarz, Jon Trauben; Trauben becomes Audit Committee chair.
CFO Paul Sykes states transition reduces costs and complexity, supports goal of positive adjusted EBITDA in H2 fiscal year.

item 3.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Amanda Lannert

Director

SBIG · SpringBig Holdings, Inc.

Effective: 2023-08-30
Filed: September 5, 2023, 7:59 PM ET

On August 30, 2023, Amanda Lannert and on August 31, 2023, Steven Bernstein and Patricia Glassford resigned as members of the Board effective immediately on such dates, as applicable, including as a member of all Board committees of which they are a member.

Departed

Patricia Glassford

Director

SBIG · SpringBig Holdings, Inc.

Effective: 2023-08-31
Filed: September 5, 2023, 7:59 PM ET

On August 30, 2023, Amanda Lannert and on August 31, 2023, Steven Bernstein and Patricia Glassford resigned as members of the Board effective immediately on such dates, as applicable, including as a member of all Board committees of which they are a member.

Departed

Steven Bernstein

Director

SBIG · SpringBig Holdings, Inc.

Effective: 2023-08-31
Filed: September 5, 2023, 7:59 PM ET

On August 30, 2023, Amanda Lannert and on August 31, 2023, Steven Bernstein and Patricia Glassford resigned as members of the Board effective immediately on such dates, as applicable, including as a member of all Board committees of which they are a member.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

SpringBig Holdings, Inc. received a nasdaq delisting notice notice regarding market value (rules 5450(b)(2)(A)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: market value
Rules: 5450(b)(2)(A)

Exact text from the filing

September 1, 2023, (i) the Board of Directors of SpringBig Holdings, Inc. (the “Company”) determined that it would not be in the best interest of the Company or its shareholders to meet the continued listing requirements of the Nasdaq Capital Market, (ii) the Company notified the Nasdaq Stock Market LLC (“Nasdaq”) that it was withdrawing its appeal of the Nasdaq Listings Qualification staff’s delist determination dated March 7, 2023, for the Company’s failure to meet the market value of listed securities requirement in Nasdaq Listing Rule 5450(b)(2)(A) and (iii) the Company received a letter f

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Amanda Lannert resigned as Director at SpringBig Holdings, Inc..

Action: resigned
Role: Director

Exact text from the filing

On August 30, 2023, Amanda Lannert and on August 31, 2023, Steven Bernstein and Patricia Glassford resigned as members of the Board effective immediately on such dates, as applicable, including as a member of all Board committees of which they are a member.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Patricia Glassford resigned as Director at SpringBig Holdings, Inc..

Action: resigned
Role: Director

Exact text from the filing

On August 30, 2023, Amanda Lannert and on August 31, 2023, Steven Bernstein and Patricia Glassford resigned as members of the Board effective immediately on such dates, as applicable, including as a member of all Board committees of which they are a member.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven Bernstein resigned as Director at SpringBig Holdings, Inc..

Action: resigned
Role: Director

Exact text from the filing

On August 30, 2023, Amanda Lannert and on August 31, 2023, Steven Bernstein and Patricia Glassford resigned as members of the Board effective immediately on such dates, as applicable, including as a member of all Board committees of which they are a member.

View on SEC.gov

20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

SpringBig Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-031294

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