{"schema_version":"secwatch.filing_event.v1","accession":"0001801602-23-000060","form_type":"8-K","ticker":"SBIG","cik":"0001801602","company_name":"SpringBig Holdings, Inc.","filed_at":"2023-06-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.658259+00:00","generated_at":"2026-06-14T09:37:03.317997+00:00","sec_items":["1.01","7.01","2.03","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SpringBig closes $4M public offering; guides Q2 revenue $7.3-7.6M","bullets":["Raised ~$3.0M gross cash from 13.06M shares at $0.3037; $1.0M convertible note cancelled for shares.","Insider purchasers: CEO Jeff Harris ($200K), CFO Paul Sykes ($50K), and other directors.","Q2 2023 guidance: revenue $7.3-7.6M (15% YoY growth at midpoint); Adj EBITDA loss $(0.9)-(1.2)M.","Cost cuts reduce annualized opex to ~$25M (30% below H2 2022 run-rate); expects positive Adj EBITDA in Q3 2023.","Note balance reduced to $6.0M; $0.5M due in H2 2023, balance payable by March 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001801602-23-000060","json":"https://secwatch.observer/filing/0001801602-23-000060.json","markdown":"https://secwatch.observer/filing/0001801602-23-000060.md","text":"https://secwatch.observer/filing/0001801602-23-000060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1801602/000180160223000060/0001801602-23-000060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1801602/000180160223000060/form8-kx4mequityclosed.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T09:37:03.317997+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":"32b2a987dfdc07e8aac10de943c7dc8b98da343e","claim":"SpringBig Holdings, Inc. entered into Purchase Agreement with certain purchasers, including the Insider Purchasers valued at approximately $2.5 million (effective 2023-05-26).","evidence_excerpt":"On May 26, 2023, SpringBig Holdings, Inc. (the “Company”), entered into a placement agency agreement (the “Placement Agency Agreement”) with Roth Capital Partners, LLC (the “Placement Agent”) and a securities purchase agreement (the “Purchase Agreement”) with certain purchasers, including the Insider Purchasers (as defined below) for the purchase and sale, in a registered public offering by the Company (the “Offering”) of 13,061,014 shares of its common stock, par value $0.0001 per share (“Common Stock”) at an at-the-market public offering price of $0.3037 per share, resulting in net cash proceeds to the Company of approximately $2.5 million","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000180160223000060/0001801602-23-000060-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain purchasers, including the Insider Purchasers"},{"label":"Value","value":"approximately $2.5 million"},{"label":"Effective","value":"2023-05-26"}],"fact_type":"material_agreement"},{"claim_id":"c158769ca33b9ec8708dd641ace339bbb9d56c26","claim":"SpringBig Holdings, Inc. entered into Placement Agency Agreement with Roth Capital Partners, LLC (effective 2023-05-26).","evidence_excerpt":"On May 26, 2023, SpringBig Holdings, Inc. (the “Company”), entered into a placement agency agreement (the “Placement Agency Agreement”) with Roth Capital Partners, LLC (the “Placement Agent”) and a securities purchase agreement (the “Purchase Agreement”) with certain purchasers","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1801602/000180160223000060/0001801602-23-000060-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"underwriting"},{"label":"Counterparty","value":"Roth Capital Partners, LLC"},{"label":"Effective","value":"2023-05-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}