secwatch.observer — SEC 8-K summary
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Issuer:     SpringBig Holdings, Inc. (SBIG)
CIK:        0001801602
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001628280-23-031294
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801602/000162828023031294/0001628280-23-031294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801602/000162828023031294/wdq-20230830.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-031294

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