---
schema_version: "secwatch.filing_event.v1"
accession: "0001801602-22-000046"
form_type: "8-K"
ticker: "SBIG"
cik: "0001801602"
company_name: "SpringBig Holdings, Inc."
filed_at: "2022-12-01T23:59:59+00:00"
generated_at: "2026-06-21T11:05:55.150544+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001801602-22-000046
- form_type: 8-K
- ticker: SBIG
- cik: 0001801602
- company_name: SpringBig Holdings, Inc.
- filed_at: 2022-12-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801602/000180160222000046/0001801602-22-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801602/000180160222000046/form8-kxl1exhibit.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801602-22-000046
- JSON: https://secwatch.observer/filing/0001801602-22-000046.json
- Plain text: https://secwatch.observer/filing/0001801602-22-000046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.