SBIGW SpringBig Holdings, Inc.
Price Chart
Executive Summary
SpringBig Holdings filed Amendment No. 1 to its 2025 10-K solely to include Part III information (directors, executive compensation, beneficial ownership) that was previously omitted. The amendment does not restate financials. Notable governance turmoil: the board has been reduced to two members (CEO Jaret Christopher and independent director Larry Ellis) with three vacant seats, following multiple resignations including former CEO Jeffrey Harris. The company carries $9.3M in secured debt to related parties and had a $1.4M public float as of June 2025.
Actionable Insight
Monitor for further board departures or default on secured debt (matures Jan 2027). The $1.4M public float and micro-cap status suggest high risk of delisting or restructuring.
Key Facts
- Board reduced to 2 members with 3 vacant seats after resignations of 4 directors in 2025-2026.
- Former CEO Jeffrey Harris litigation settled for $200,000 in 2026.
- Total secured debt of $9.3M as of Dec 31, 2025, with $7.4M from related parties (Shalcor, Lightbank).
- Aggregate market value of common equity held by non-affiliates was $1.4 million as of June 30, 2025.
- Auditor remains Withum Smith+Brown; no change in accounting or financial restatement.
Financial Impact
No financial restatement; $9.3M secured debt with $1.3M annual interest expense.
Risk Factors
- Further board turnover could impair governance and compliance.
- Debt covenants and $9.3M secured notes pose liquidity risk.
- Stock is no longer listed on Nasdaq, traded OTC with minimal float.
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-K/A Filing (Primary) | 0001213900-26-051103 |
| Document: ea028847501ex31-3.htm | 0001213900-26-051103 |
| Document: ea028847501ex31-4.htm | 0001213900-26-051103 |
| Document: 0001213900-26-051103-index-headers.html | 0001213900-26-051103 |
| Document: 0001213900-26-051103-index.html | 0001213900-26-051103 |
| Document: 0001213900-26-051103.txt | 0001213900-26-051103 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
6d ago
|
8-K
| — | awaiting T+20 | — | — |
|
May 2, 2026
5w ago
|
10-K/A
| — | awaiting T+20 | — | — |
US Market Status
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