{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-002466","form_type":"8-K","ticker":"SBIG","cik":"0001801602","company_name":"SpringBig Holdings, Inc.","filed_at":"2024-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.584498+00:00","generated_at":"2026-06-06T16:02:05.863686+00:00","sec_items":["1.01","5.02","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SpringBig closes $8M debt financing; appoints new directors from lenders","bullets":["Issued $6.4M of 8% Senior Secured Convertible Notes due 2026 and $1.6M of 12% Senior Secured Term Notes due 2026.","Matt Sacks (Lightbank Co-Managing Partner) and Shawn Dym (Shalcor Managing Director) join board as Class I and II directors.","Phil Schwarz and Jon Trauben resigned from board effective Jan. 23, 2024; no disagreements cited.","Shawn Dym replaces Jon Trauben as Audit Committee Chair.","Board now comprises Jeffrey Harris, Sergey Sherman, Matt Sacks, and Shawn Dym."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-002466","json":"https://secwatch.observer/filing/0001628280-24-002466.json","markdown":"https://secwatch.observer/filing/0001628280-24-002466.md","text":"https://secwatch.observer/filing/0001628280-24-002466.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801602/000162828024002466/0001628280-24-002466-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801602/000162828024002466/wdq-20240123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T16:02:05.863686+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":"4fa4198e9a","claim":"Matt Sacks was appointed as Class I director at SpringBig Holdings, Inc..","evidence_excerpt":"the Board appointed Mr. Sacks as a Class I director of the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000162828024002466/0001628280-24-002466-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class I director"}],"fact_type":"executive_change"},{"claim_id":"b957b6ce84","claim":"Jon Trauben resigned as Director at SpringBig Holdings, Inc..","evidence_excerpt":"Phil Schwarz and Jon Trauben resigned as members of the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000162828024002466/0001628280-24-002466-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e992947951","claim":"Phil Schwarz resigned as Director at SpringBig Holdings, Inc..","evidence_excerpt":"Phil Schwarz and Jon Trauben resigned as members of the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000162828024002466/0001628280-24-002466-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"ed27d82f70","claim":"Shawn Dym was appointed as Class II director at SpringBig Holdings, Inc..","evidence_excerpt":"Mr. Dym as a Class II director of the Board","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000162828024002466/0001628280-24-002466-index.htm","confidence":0.9,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class II director"}],"fact_type":"executive_change"},{"claim_id":"af91f22c2f317728e24ab8ce49341435198abcea","claim":"SpringBig Holdings, Inc. entered into Director Nomination Agreement with Shalcor Management, Inc. and Lightbank II, L.P. (effective 2024-01-23).","evidence_excerpt":"In connection with the closing of the notes, the Company entered into a Director Nomination Agreement (“Nomination Agreement”) on the Closing Date with Shalcor Management, Inc., an Alberta corporation (“Shalcor”), and Lightbank II, L.P., a Delaware limited partnership (“Lightbank” and, together with Shalcor, the “Investors”), each of which is a Purchaser.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000162828024002466/0001628280-24-002466-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Shalcor Management, Inc. and Lightbank II, L.P."},{"label":"Effective","value":"2024-01-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}