---
schema_version: "secwatch.filing_event.v1"
accession: "0001801602-22-000058"
form_type: "8-K"
ticker: "SBIG"
cik: "0001801602"
company_name: "SpringBig Holdings, Inc."
filed_at: "2022-12-29T23:59:59+00:00"
generated_at: "2026-06-20T22:00:14.481353+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SpringBig amends convertible note; sets monthly principal payments starting Jan 2023

## Summary
- Outstanding principal reduced to $9.8M after $1M prepayment and $200K conversion.
- Monthly principal payments: $344,444.44 on Jan 3, 2023, then $556,209.15/month starting Feb 1, 2023.
- Prior December 1, 2022 amendment voided; interest remains payable per original note terms.
- Company must file Form 8-K disclosing terms by 5:30 p.m. on the second trading day after execution.
- Breach of amendment constitutes an Event of Default under the note and purchase agreement.

## SEC filing metadata
- accession: 0001801602-22-000058
- form_type: 8-K
- ticker: SBIG
- cik: 0001801602
- company_name: SpringBig Holdings, Inc.
- filed_at: 2022-12-29T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801602/000180160222000058/0001801602-22-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801602/000180160222000058/form8-kxl12ndamendment.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801602-22-000058
- JSON: https://secwatch.observer/filing/0001801602-22-000058.json
- Plain text: https://secwatch.observer/filing/0001801602-22-000058.txt

## Key facts
- Material Agreements
  SpringBig Holdings, Inc. amended Amendment No. 2 with L1 Capital Global Opportunities Master Fund (effective 2022-12-28).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: L1 Capital Global Opportunities Master Fund
  - Effective: 2022-12-28
  source text: On December 28, 2022, SpringBig Holdings, Inc. (the “Company”) entered into an Amendment No. 2 (the “Second Amendment”) to each of the Senior Secured Original Issue Discount Convertible Promissory Note, dated June 14, 2022 (the “Note”) made by the Company in favor of L1 Capital Global Opportunities Master Fund, a Cayman Islands business organization (the “Holder”), and the Securities Purchase Agreement, dated April 29, 2022 between the Company and the Holder (the “Purchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801602/000180160222000058/0001801602-22-000058-index.htm

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