{"url_path":"/sec/sbigw/8-k/2026-05-21/item-2-04","section_key":"item-2-04","section_title":"Item 2.04 Triggering Events That Accelerate or Increase","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-05-21","source_url":"https://www.sec.gov/Archives/edgar/data/1801602/0001213900-26-060149-index.html","accession_number":"0001213900-26-060149","cik":"0001801602","ticker":"SBIG","issuer_name":"SpringBig Holdings, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1801602/0001213900-26-060149-index.html","primary_entity_key":"0001801602","primary_entity_name":"SpringBig Holdings, Inc."},"word_count":349,"has_tables":true,"body_markdown":"**Item 2.04. Triggering Events That Accelerate or Increase\na Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.**\n\n \n\nAs previously reported in\na Current Report on Form 8-K filed by SpringBig Holdings, Inc. (the “Company”) on April 28, 2026, the Company received a “Notice\nof Default, Reservation of Rights and Notice of Termination” with respect to its outstanding 2024 Secured Term Notes and 2024 Secured\nConvertible Notes (together, the “Notes”) from Shalcor Management, Inc. and Lightbank II, L.P., the two principal Noteholders\n(together, the “Lead Noteholders”). During an event of default, the Noteholders may accelerate repayment obligations, foreclose\non the Company’s assets, and exercise other rights and remedies pursuant to the Notes and related security agreements. On May 15,\n2026, the Lead Noteholders sent a “Notice of Suspension of Rights and Exercise of Rights with respect to Pledged Securities, and\nReservation of Rights” to the Company, resulting in the immediate suspension of all voting and other consensual rights of the Company\non account of the Company’s equity interests in SpringBig Inc., its wholly-owned subsidiary through which it operates its business\n(the “Operating Subsidiary”), and immediate vesting of all such voting and other consensual rights in Shalcor Management Inc.,\nas collateral agent and administrative agent under the Notes. Jaret Christopher was then removed as both Chief Executive Officer and director\nof the Operating Subsidiary and Coley Brown was appointed as interim Chief Executive Officer and Ivona Smith was appointed as a director\nof the Operating Subsidiary.\n\n \n\nAt this time, the Noteholders\nhave not accelerated or demanded any payment of principal. However, the Company has no assurance that the Noteholders will not seek to\nenforce additional rights in the future. As a result of these developments, the Company has limited access to financial resources necessary\nto continue operations.\n\n \n\n1\n\n \n\n \n\n**SIGNATURE**\n\n \n\nPursuant to the requirements of the Securities\nand Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.\n\n \n\n \n**SPRINGBIG HOLDINGS, INC.**\n\n \n \n\nMay 21, 2026\nBy:\n/s/ Jason Moos**\n\n \n \nName: \nJason Moos\n\n \n \nTitle:\nChief Financial Officer\n\n \n\n2"}