SpringBig amends convertible note: $1M payments, deferred amortization, new conversion terms

SpringBig Holdings, Inc.

Company made $1M principal payment on Dec 1, 2022, and will make another $1M on Jan 3, 2023.
Remaining principal payments deferred until Dec 1, 2023; then monthly payments up to $375k until June 2, 2025.
Conversion price before Dec 1, 2023: 80% of market price; monthly cap: greater of 25% of volume or $325k.
After Dec 1, 2023, conversion price fixed at $12.00 per share, subject to adjustment.

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