SpringBig transfers SpringBig Inc. to secured lenders, exits about $12.5 million debt

• SpringBig Holdings entered a reorganization on July 13, 2026 that transferred its SpringBig subsidiary equity to Lightbank II and LS Round II.
• The collateral transfer released the company from about $12.5 million of principal and accrued interest under its Senior Secured Convertible Promissory Note and Senior Secured Term Promissory Note.
• Substantially all assets are now owned and controlled by the transferee, leaving the public company seeking a strategic business combination.
• Failure to complete a strategic transaction could lead to a wind-down and dissolution.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. springbig Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-078753), on July 16, 2026, and is solely responsible for the information contained therein.