Welcome to our dedicated page for SpringBig Holdings SEC filings (Ticker: SBIG), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
SpringBig Holdings, Inc. filings document material-event disclosures for an emerging growth company operating an AI-powered marketing and loyalty software platform for regulated industries. Recent Form 8-K reports cover quarterly financial results, executive employment and compensation arrangements, director resignations, board composition, and related governance changes.
The company's filings also address capital-structure and obligation matters, including secured term notes, secured convertible notes, covenant compliance, notices affecting direct financial obligations, and communications with noteholders. These records frame Springbig's public-company reporting around operating results, debt obligations, governance structure, executive arrangements, and risk-related developments tied to its software business.
SpringBig Holdings, Inc. announced that it entered into a Separation Agreement with Chief Executive Officer and director Jaret Christopher, and his service in both roles concluded effective May 28, 2026. The company states his departure was not due to any disagreement over operations, policies, or practices.
Under the Separation Agreement, Mr. Christopher will receive continuation of his base salary and company-paid COBRA premiums for up to two months, plus an additional cash payment of $50,000, subject to a 30-day review period without rescission and compliance with the agreement. No unvested compensatory awards were accelerated, and the agreement includes a general release of claims and customary confidentiality, non-disparagement, non-solicitation, non-competition, and cooperation obligations.
SpringBig Holdings, Inc. reports that its principal noteholders have exercised key default rights under its 2024 secured notes. On May 15, 2026, the noteholders suspended SpringBig’s voting and other consensual rights over its equity in its wholly owned operating subsidiary, SpringBig Inc., and vested those rights in Shalcor Management Inc. as collateral and administrative agent.
Following this shift in control, Jaret Christopher was removed as chief executive officer and director of the operating subsidiary, with Coley Brown named interim CEO and Ivona Smith appointed as a director. The noteholders have not yet accelerated or demanded principal repayment, but SpringBig states it has limited access to the financial resources needed to continue operations and offers no assurance that further creditor actions will not occur.
SpringBig Holdings reported first quarter 2026 results showing tighter cost control but continued losses. Net revenues were $5.4 million, slightly below $5.5 million a year earlier, while total operating expenses fell to $3.7 million from $4.7 million, a 21% reduction.
Net loss narrowed to $0.5 million, a 34% improvement from $0.8 million, and Adjusted EBITDA turned positive at $0.1 million. Message volume on the platform grew 11% year-over-year, indicating client activity remains solid. Cash stood at $1.3 million as of March 31, 2026, against total liabilities of $17.2 million and a stockholders’ deficit of $12.9 million.
Management highlighted ongoing cost cuts, operational optimization and expansion into gaming and other regulated verticals beyond cannabis. The release also points to risks around liquidity, the company’s ability to continue as a going concern, and resolving matters related to secured notes.
SpringBig Holdings provides loyalty and marketing software to cannabis retailers and brands. For the quarter ended March 31, 2026, revenue was $5.4 million, down slightly from $5.5 million a year earlier as subscription revenue was flat and usage-based revenue softened. Gross profit fell to $3.6 million from $4.3 million, mainly from higher messaging costs tied to a revised agreement with the company’s largest vendor.
Operating expenses declined 21% to $3.7 million after restructuring and tighter cost control, narrowing the net loss to $0.5 million from $0.8 million. Adjusted EBITDA was $0.1 million, down from $0.3 million. Cash stood at $1.3 million, but the company reported a $13.2 million working capital deficit and reclassified its $9.8 million of secured notes as current liabilities.
Management disclosed substantial doubt about the ability to continue as a going concern. In April 2026, holders of the 2024 Secured Convertible and Term Notes delivered a Notice of Default, giving them rights to accelerate repayment and potentially foreclose on assets, although they have not yet exercised these remedies.
AWM Investment Company, Inc. reported beneficial ownership of 4,112,572 shares of SpringBig Holdings, Inc. Common Stock, equal to 8.5% of the class. The holdings are held through three funds: 497,291 shares (CAYMAN), 1,738,902 shares (SSFQP) and 1,876,379 shares (SSPE).
The filing states AWM, as investment adviser, has sole voting and sole dispositive power over these shares. The report is signed by Adam Stettner on 05/04/2026.
SpringBig Holdings, Inc. filed an amended annual report to add detailed Part III information on directors, executive compensation, ownership and related-party transactions, without changing prior financial statements.
The filing notes non‑affiliate equity market value of $1.4 million on June 30, 2025 and 48,584,437 common shares outstanding as of March 9, 2026.
SpringBig Holdings, Inc. received a formal notice of default from the principal holders of its 2024 Secured Term Notes and 2024 Secured Convertible Notes, which mature in January 2027. The notice cites alleged breaches of a minimum cash covenant, consultation obligations and certain litigation-related representations, which the company disputes.
The notes permit remedies such as accelerating all unpaid principal and interest and foreclosing on company assets if an event of default is enforced. As of April 27, 2026, about $1.6 million of secured term notes and $8.2 million of secured convertible notes were outstanding, and the holders have not yet accelerated or foreclosed.
Ellis Larry C reported acquisition or exercise transactions in this Form 4 filing.
SpringBig Holdings, Inc. director Larry C. Ellis received a grant of 1,193,623 restricted stock units of Common Stock as equity compensation. The award was recorded at a price of $0.0000 per share, indicating no cash paid by Ellis for these units.
The grant vests over time: 397,874 shares on April 1, 2027, another 397,874 shares on April 1, 2028, and the remaining shares on April 1, 2029. Vesting continues only while Ellis remains in continuous service, but if a change of control is completed and he is still serving on that date, all unvested units from this grant will fully vest.
SpringBig Holdings, Inc. entered into a formal three-year Executive Employment Agreement with Chief Executive Officer Jaret Christopher, replacing his prior offer letter. The agreement sets a base salary of $450,000 and a target annual cash bonus equal to 50% of base salary, with automatic one-year renewals unless either party gives notice.
On the effective date, Christopher received 12,891,251 shares of restricted common stock, of which 8,320,939 vested immediately and the remainder will vest in equal quarterly installments over about three years, with potential accelerated vesting on certain terminations or a Change in Control. He may also receive additional cash compensation upon a qualifying termination in connection with a Change in Control and is subject to 12‑month post-employment noncompetition and nonsolicitation covenants.
The Board’s Special Purpose Committee approved director compensation for Larry Ellis, including 1,193,623 time-based RSUs vesting over three years, a one-time $60,000 cash retainer, and a $10,000 monthly retainer. The Board also approved Change in Control-related retention and phantom bonus arrangements for CFO Jason Moos and COO James Cabral, including phantom units and cash bonuses.
SpringBig Holdings, Inc. files its annual report describing a loyalty and digital marketing SaaS platform serving cannabis retailers and brands across the U.S. and Canada. The company supports about 775 clients at roughly 2,400 retail locations, sending over 600 million messages in 2025 and tracking more than $5.7 billion of client gross merchandise value through its systems.
SpringBig emphasizes subscription-based recurring revenue, data-driven analytics, and regulatory-compliant messaging under TCPA, FCC, and Canadian CRTC rules. As of June 30, 2025, non‑affiliate equity had an aggregate market value of about $1.4 million, and 48,584,437 common shares were outstanding as of March 9, 2026.
The company reports net losses of $3.2 million for 2025 and $1.9 million for 2024, working capital deficiencies of $3.5 million and $1.8 million respectively, and discloses “substantial doubt” about its ability to continue as a going concern. It highlights competition, regulatory risk around U.S. federal cannabis law, and dependence on continued legalization and client marketing spend as key risk factors.