SpringBig completes reorganization, eliminates $12.5 million secured debt

• Springbig completed a reorganization that removed its former operating subsidiary from the public parent.
• Secured lenders received ownership of the former operating unit through a designated entity.
• The parent was released from about $12.5 million of principal and accrued interest under its secured notes.
• Springbig now describes itself as a debt-free SEC-reporting issuer reviewing strategic alternatives to increase stockholder value.

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 GlobeNewswire (Ref. ID: 202608210800PRIMZONEFULLFEED9814092) on August 21, 2026, and is solely responsible for the information contained therein.