secwatch.observer — SEC 8-K summary
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Issuer:     SpringBig Holdings, Inc. (SBIG)
CIK:        0001801602
Form:       8-K
Filed at:   2022-12-27T23:59:59+00:00
Accession:  0001801602-22-000056
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

SpringBig receives Nasdaq bid price deficiency notice; has until June 19, 2023 to regain compliance
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- Nasdaq notified SpringBig that common stock bid price closed below $1.00 for 30 consecutive business days as of Dec 20, 2022.
- Company has 180 calendar days (until June 19, 2023) to regain compliance by closing at $1.00+ for 10 consecutive business days.
- If not cured, may transfer to Nasdaq Capital Market for additional 180-day period, subject to meeting other listing standards.
- Failure to cure could lead to delisting; company is reviewing options including a potential reverse stock split.
- Stock and warrants continue trading under SBIG and SBIGW; no immediate effect on listing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801602/000180160222000056/0001801602-22-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801602/000180160222000056/form8-kx1shareprice.htm
  HTML page:      https://secwatch.observer/filing/0001801602-22-000056

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