Recent Updates — SBIG
SpringBig Holdings, Inc. dismissed WithumSmith+Brown, PC as its independent registered public accounting firm effective July 30, 2026, and appointed Victor Mokuolu, CPA PLLC to replace it. The prior auditor's reports for fiscal years ended December 31, 2025 and 2024 included an explanatory paragraph regarding substantial doubt about the company's ability to continue as a going concern due to accumulated deficits and note maturities. There were no accounting disagreements or reportable events with the former firm during the relevant periods. The company operates in the digital entertainment and gaming industry.
Larry Ellis resigned from the Board of Directors on July 31, 2026. The resignation was not due to any disagreement with the Company or the Board regarding operations, policies, or practices. On August 1, 2026, the Board approved cash compensation for continuing directors, consisting of a $5,000 payment upon appointment and $2,500 per month thereafter starting in August 2026. SpringBig Holdings, Inc. operates in the digital entertainment industry, providing interactive content and services.
On July 26, 2026, SpringBig Holdings appointed Jeffrey Harris to its Board of Directors to fill a vacancy as a Class II director. Mr. Harris, age 62, currently serves as CEO of InteQ and previously founded SpringBig, serving as its CEO until resigning on March 31, 2025. He will serve until the next annual meeting of stockholders and has not been appointed to any Board committees. The company operates in the customer relationship marketing industry.
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.