{"schema_version":"secwatch.filing_event.v1","accession":"0001801602-23-000042","form_type":"8-K","ticker":"SBIG","cik":"0001801602","company_name":"SpringBig Holdings, Inc.","filed_at":"2023-05-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.657830+00:00","generated_at":"2026-06-14T14:49:55.078182+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"SpringBig amends convertible note with L1 Capital; payment schedule reset, conversion price $1.00","bullets":["Immediate $100k principal payment on May 25, 2023; $750k upon closing of $5.5M May 2023 offering.","Investor L1 Capital to buy $1.5M securities in offering ($250k cash, $1.25M debt reduction).","Maturity date extended to earlier of final payment or March 5, 2025; conversion/warrant price set at $1.00/share.","Monthly principal payments from June 2023 to March 2024 ($50k-$200k) then $386k/month starting April 2024.","Waives prior payment default and registration lapse; resale volume capped at 15% of 5-day average."],"urls":{"canonical":"https://secwatch.observer/filing/0001801602-23-000042","json":"https://secwatch.observer/filing/0001801602-23-000042.json","markdown":"https://secwatch.observer/filing/0001801602-23-000042.md","text":"https://secwatch.observer/filing/0001801602-23-000042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801602/000180160223000042/0001801602-23-000042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801602/000180160223000042/form8-kxl1amendment3.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T14:49:55.078182+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a6ec9c52d78cffb0272fc264557afd24040ff88f","claim":"SpringBig Holdings, Inc. amended Amendment No. 3 with L1 Capital Global Opportunities Master Fund valued at $100,000 (effective 2023-05-24).","evidence_excerpt":"On May 24, 2023, SpringBig Holdings, Inc. (the “Company”) entered into an Amendment No. 3 (the “Third Amendment”) with L1 Capital Global Opportunities Master Fund (the “Investor”) to each of (i) the Securities Purchase Agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000180160223000042/0001801602-23-000042-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"L1 Capital Global Opportunities Master Fund"},{"label":"Value","value":"$100,000"},{"label":"Effective","value":"2023-05-24"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}