{"schema_version":"secwatch.filing_event.v1","accession":"0001801602-23-000046","form_type":"8-K","ticker":"SBIG","cik":"0001801602","company_name":"SpringBig Holdings, Inc.","filed_at":"2023-05-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.658040+00:00","generated_at":"2026-06-14T13:14:59.516282+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"SpringBig Holdings amends L1 Capital note terms for up to $1.5M offering participation","bullets":["L1 Capital will purchase $1.5M of shares in the offering: $250k cash, $1.25M note principal reduction.","A 9.99% beneficial ownership cap may reduce the note reduction, creating a Special Note Amount.","Any Special Note Amount remains outstanding but convertible at the offering price per share.","Amendment becomes void if offering does not close by June 5, 2023, or raises under $3M or over $5.5M.","Fourth Amendment dated May 25, 2023 modifies the existing convertible note and warrant agreements."],"urls":{"canonical":"https://secwatch.observer/filing/0001801602-23-000046","json":"https://secwatch.observer/filing/0001801602-23-000046.json","markdown":"https://secwatch.observer/filing/0001801602-23-000046.md","text":"https://secwatch.observer/filing/0001801602-23-000046.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801602/000180160223000046/0001801602-23-000046-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801602/000180160223000046/form8-kxl1amendment4.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T13:14:59.516282+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":"8ad1fc5b66a7c7206ecc9fbf785a29a0ae2a595d","claim":"SpringBig Holdings, Inc. amended Third Amendment with L1 Capital Global Opportunities Master Fund valued at $1,500,000 (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”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000180160223000046/0001801602-23-000046-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":"$1,500,000"},{"label":"Effective","value":"2023-05-24"}],"fact_type":"material_agreement"},{"claim_id":"d86fca11229f3d863196191069a3b1d4c676b46c","claim":"SpringBig Holdings, Inc. amended Fourth Amendment with L1 Capital Global Opportunities Master Fund (effective 2023-05-25).","evidence_excerpt":"On May 25, 2023, the Company entered into an Amendment No. 4 (the “Fourth Amendment”) to each of the L1 Notes, the Investor Warrants and the Notes and Warrants Purchase Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000180160223000046/0001801602-23-000046-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":"Effective","value":"2023-05-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}