secwatch.observer — SEC 8-K summary
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Issuer:     SpringBig Holdings, Inc. (SBIG)
CIK:        0001801602
Form:       8-K
Filed at:   2022-12-29T23:59:59+00:00
Accession:  0001801602-22-000058
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1801602/000180160222000058/0001801602-22-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1801602/000180160222000058/form8-kxl12ndamendment.htm
  HTML page:      https://secwatch.observer/filing/0001801602-22-000058

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