{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-023237","form_type":"8-K","ticker":"SBIG","cik":"0001801602","company_name":"SpringBig Holdings, Inc.","filed_at":"2024-05-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.187228+00:00","generated_at":"2026-06-02T01:06:13.420881+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Springbig posts first positive adjusted EBITDA in Q1 2024; appoints Mark Silver to board","bullets":["Revenue $6.5M vs $7.2M YoY; subscription revenue $5.4M (83% of total).","Adjusted EBITDA positive $0.2M vs loss $1.3M a year ago; sixth consecutive quarterly improvement.","Operating expenses cut 34% YoY to $5.0M; net income $0.4M (incl. $1.6M debt repurchase gain).","Completed $8M debt financing in Jan; used $2.9M to repurchase existing notes due 2025.","Mark Silver, founder of Direct Energy and CEO of Eddy Smart Home Solutions, appointed Class I director."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-023237","json":"https://secwatch.observer/filing/0001628280-24-023237.json","markdown":"https://secwatch.observer/filing/0001628280-24-023237.md","text":"https://secwatch.observer/filing/0001628280-24-023237.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801602/000162828024023237/0001628280-24-023237-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801602/000162828024023237/wdq-20240514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T01:06:13.420881+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":"e9f9ae3ab1f1340e834e20bc23ce13c70991e764","claim":"SpringBig Holdings, Inc. reported the first quarter ended March 31, 2024 results: revenue $6.5 million, net income $0.4 million, EPS $0.01. Guidance raised.","evidence_excerpt":"by 34% year-on- year and expect a continuing positive trend in our Adjusted EBITDA* margins as the year progresses.” First Quarter 2023 Financial Highlights: ● Revenue was $6.5 million, compared to $7.2 million in the prior year. ● Subscription revenue represents 83% of total revenue at $5.4 million, compared to $5.7 million in the prior year. ● Gross profit","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000162828024023237/0001628280-24-023237-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$6.5 million"},{"label":"Net income","value":"$0.4 million"},{"label":"EPS","value":"$0.01"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7f76c426db","claim":"Mark Silver was appointed as Director at SpringBig Holdings, Inc..","evidence_excerpt":"On May 10, 2024, pursuant to the Nomination Agreement, the Board appointed Mark Silver 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/1801602/000162828024023237/0001628280-24-023237-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}