SpringBig Holdings, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $398.1K
- Price
- $0.0082
- % Change (Daily % change from the live per-ticker quote feed.)
- +60.78%
- Volume
- 2.0M
About
SpringBig Holdings, Inc. offers a specialized software platform specifically designed to provide customer loyalty and marketing automation services to cannabis retailers and brands throughout the United States and Canada. The company's platform acts as a bridge, seamlessly connecting consumers with these businesses via various digital channels, including targeted SMS campaigns, email communications, integrated customer feedback systems, and robust loyalty programs. This functionality aims to significantly enhance customer engagement and improve retention rates for its clients. Furthermore, SpringBig's sophisticated reporting and analytics tools generate critical insights, empowering clients to gain a deeper understanding of their customer base, purchasing behaviors, and overarching market trends. Established in 2016, the firm maintains its corporate headquarters in Boca Raton, Florida.
Quick stats
Shares outstanding48.5M
Computed float878.0K
Float / shares1.8%
Key info
SectorTechnology
IndustrySoftware - Application
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001801602
Websitehttps://springbig.com
AI Summary
AI-generated1/4
majorbullishrestructuring
Springbig Completes Reorganization, Eliminating Approximately $12.5 Million of Secured Debt and Positioning SBIG to Explore Strategic Alternatives
SpringBig completed a reorganization by transferring its operating subsidiary to its secured lenders, effectively eliminating approximately $12.5 million of secured debt.
The transaction separates the legacy business and debt from the publicly traded parent, leaving SpringBig as a streamlined, debt-free SEC-reporting issuer.
Management is now evaluating strategic alternatives, stating the current trading price may not reflect the value of the reorganized platform.
Red flags
- Operating subsidiary transferred away; company now functions as a shell vehicle.
- Strategic alternatives review indicates potential future dilution or reverse merger risk.