Mergers & Acquisitions ·
SpringBig Holdings, Inc. entered into a Reorganization Agreement on July 13, 2026, resulting in a transfer of…
SBIGSBIG Holdings, Inc.
SpringBig Holdings, Inc. entered into a Reorganization Agreement on July 13, 2026, resulting in a transfer of collateral (including all issued and outstanding equity interests in its subsidiary, SpringBig, Inc.) to the Transferee (Lightbank II, L.P. and LS Round II, LLC) to satisfy approximately $12.5 million in principal and accrued interest on its Senior Secured Convertible Promissory Note and Senior Secured Term Promissory Note. The Company is now controlled by the Transferee, control of which is intended to pursue a strategic business combination, or otherwise wind down and dissolve. Andrew Jay Glashow was appointed as Chief Executive Officer and a Class I director, effective July 10, 2026, with an annual base salary of $125,000. SpringBig Holdings, Inc. operates in the technology sector, providing mobile marketing and mobile engagement solutions for the cannabis-related industries.