---
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"
generated_at: "2026-06-14T13:14:59.516282+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# SpringBig Holdings amends L1 Capital note terms for up to $1.5M offering participation

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001801602-23-000046
- JSON: https://secwatch.observer/filing/0001801602-23-000046.json
- Plain text: https://secwatch.observer/filing/0001801602-23-000046.txt

## Key facts
- Material Agreements
  SpringBig Holdings, Inc. amended Third Amendment with L1 Capital Global Opportunities Master Fund valued at $1,500,000 (effective 2023-05-24).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: L1 Capital Global Opportunities Master Fund
  - Value: $1,500,000
  - Effective: 2023-05-24
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1801602/000180160223000046/0001801602-23-000046-index.htm
- Material Agreements
  SpringBig Holdings, Inc. amended Fourth Amendment with L1 Capital Global Opportunities Master Fund (effective 2023-05-25).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: L1 Capital Global Opportunities Master Fund
  - Effective: 2023-05-25
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1801602/000180160223000046/0001801602-23-000046-index.htm

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