---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-031294"
form_type: "8-K"
ticker: "SBIG"
cik: "0001801602"
company_name: "SpringBig Holdings, Inc."
filed_at: "2023-09-05T23:59:59+00:00"
generated_at: "2026-06-11T00:08:37.490514+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# SpringBig delisted from Nasdaq, moves to OTCQX Sept 6; three directors resign

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-031294
- form_type: 8-K
- ticker: SBIG
- cik: 0001801602
- company_name: SpringBig Holdings, Inc.
- filed_at: 2023-09-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801602/000162828023031294/0001628280-23-031294-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801602/000162828023031294/wdq-20230830.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-031294
- JSON: https://secwatch.observer/filing/0001628280-23-031294.json
- Plain text: https://secwatch.observer/filing/0001628280-23-031294.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000162828023031294/0001628280-23-031294-index.htm
- Executive change
  Amanda Lannert resigned as Director at SpringBig Holdings, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000162828023031294/0001628280-23-031294-index.htm
- Executive change
  Patricia Glassford resigned as Director at SpringBig Holdings, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000162828023031294/0001628280-23-031294-index.htm
- Executive change
  Steven Bernstein resigned as Director at SpringBig Holdings, Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000162828023031294/0001628280-23-031294-index.htm

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