SBIG common stock is now a shell with minimal cash and no operating business. The stock is likely to trade near zero absent a reverse merger announcement. Monitor for any definitive agreement on a strategic transaction; failure to find one will trigger dissolution. The new CEO's track record in reverse mergers provides a slim path to recovery, but the risk of total loss is very high.
Price Chart
Executive Summary
SpringBig Holdings has transferred all of its operating assets (100% of subsidiary SpringBig, Inc.) to secured lenders via a Section 272(b) Delaware reorganization, extinguishing ~$12.5M in debt and leaving the parent as a cash shell with $171,920.69. The company intends to pursue a reverse merger but warns it may wind down if unsuccessful. A new CEO with reverse-merger experience was appointed, following the CFO's resignation two weeks prior.
Key Facts
- All operating assets (SpringBig, Inc. equity) transferred to LS Round II, LLC in lieu of foreclosure
- ~$12.5M in secured debt (principal + accrued interest) fully released from parent
- Parent receives $171,920.69 cash consideration; becomes a shell with no operating business
- Andrew Glashow appointed CEO and director to lead strategic business combination search
- CFO Jason Moos resigned effective June 30, 2026, with no replacement named
- Company warns it will likely dissolve if no strategic transaction is consummated
Financial Impact
Common equity effectively wiped out; parent retains ~$172k cash and no operating assets; $12.5M debt eliminated from parent
Risk Factors
- No operating assets or revenue-generating business remaining
- Inability to consummate a strategic business combination leading to dissolution
- Potential delisting from OTC markets due to lack of business
- Limited cash ($172k) to fund operations and transaction search
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-078753 |
| Document: ea0298313-8k_springbig.htm | 0001213900-26-078753 |
| Document: 0001213900-26-078753-index-headers.html | 0001213900-26-078753 |
| Document: 0001213900-26-078753-index.html | 0001213900-26-078753 |
| Document: 0001213900-26-078753.txt | 0001213900-26-078753 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 28, 2026 29d ago | SC 13G | $0.0170 | awaiting T+60 | — | $0.009700 (−42.94%) |
Jul 29, 2026 12w ago | 8-K | $0.005000 $0.0164 | ▲ +228.00% | ▲ +221.76% | $0.009700 (+94.00%) |
Jul 16, 2026 14w ago | 8-K | $0.005000 $0.0140 | ▼ −180.00% | ▼ −175.06% | $0.009700 (−94.00%) |
Jul 2, 2026 16w ago | 8-K | $0.006000 $0.0190 | ▼ −216.67% | ▼ −212.84% | $0.009700 (−61.67%) |
US Market Status
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