secwatch.observer — SEC 8-K summary
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Issuer:     SpringBig Holdings, Inc. (SBIG)
CIK:        0001801602
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001628280-24-002466
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SpringBig closes $8M debt financing; appoints new directors from lenders
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801602/000162828024002466/0001628280-24-002466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801602/000162828024002466/wdq-20240123.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-002466

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer