{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-032208","form_type":"8-K","ticker":"SBIG","cik":"0001801602","company_name":"SpringBig Holdings, Inc.","filed_at":"2023-09-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.298508+00:00","generated_at":"2026-06-10T19:16:43.070051+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"litigation","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"SpringBig settles co-founder lawsuit; pays $525K and issues 1.7M shares","bullets":["Cash payment of $525,170: $125,170 in 15 business days, then $40,000/month for 10 months.","Issues 1,275,000 shares to Gross and 425,000 to Wright (total 1.7M shares) at par value $0.0001/share.","Shares subject to 365-day lock-up; up to 850,000 may be sold after 181 days post-stipulation filing.","2017 License Agreement with Yuzz Buzz terminated upon full payment and share issuance.","No admission of liability; each party bears own costs and fees."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-032208","json":"https://secwatch.observer/filing/0001628280-23-032208.json","markdown":"https://secwatch.observer/filing/0001628280-23-032208.md","text":"https://secwatch.observer/filing/0001628280-23-032208.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801602/000162828023032208/0001628280-23-032208-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801602/000162828023032208/wdq-20230907.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T19:16:43.070051+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":"4754669c14d378401d89e9cfd3157e53ceabd389","claim":"SpringBig Holdings, Inc. entered into Settlement Agreement with Michael Gross, Yuzz Buzz, LLC, Jason Wright valued at total amount of $525,170 (effective 2023-09-07).","evidence_excerpt":"Effective September 7, 2023 (the “Effective Date”), YB, Mr. Gross and Jason Wright, on the one hand (together, the “YB Parties”), and the Company, SpringBig, Inc., Medici Holdings V, Inc. (f/k/a SpringBig, Inc.) and Mr. Harris, on the other hand (together, the “SpringBig Parties”), entered into the Settlement Agreement (the “Settlement Agreement”), pursuant to which the parties agreed to resolve and settle all litigation, claims and disputes between them as more specifically set forth in, and subject to the terms and conditions of, the Settlement Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000162828023032208/0001628280-23-032208-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Michael Gross, Yuzz Buzz, LLC, Jason Wright"},{"label":"Value","value":"total amount of $525,170"},{"label":"Effective","value":"2023-09-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}